Monday.com price target raised to $375 from $310 at Canaccord

Canaccord raised the firm’s price target on Monday.com (MNDY) to $375 from $310 and keeps a Buy rating on the shares. The firm said management noted that U.S. demand has remained strong throughout, that Europe bounced back a bit and stabilized relative to what they saw in November, and that gross retention continues to be at record highs leading to higher guidance.