Monday.com price target raised to $400 from $300 at Scotiabank

Scotiabank analyst Allan Verkhovski raised the firm’s price target on Monday.com (MNDY) to $400 from $300 and keeps an Outperform rating on the shares. The company provided FY25 revenue growth guidance ahead of consensus and delivered a larger revenue beat vs last quarter, the analyst tells investors. Additionally, the company increased its largest seat count to 80,000, introduced a pricing model for its AI Blocks, and made its monday service generally available, the firm adds. Also, the company’s U.S. enterprise segment was particularly strong in December, the firm said.