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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY: