Monday.com price target raised to $400 from $350 at JPMorgan

JPMorgan raised the firm’s price target on Monday.com (MNDY) to $400 from $350 and keeps an Overweight rating on the shares. The company reported a “stellar quarter,” beating key consensus numbers for Q4 and reverting to a more normalized “beat-cadence” after a more muted performance last quarter, the analyst tells investors in a research note. The firm says Monday’s 2025 outlook landed above its expectation and likely above all buy-side expectations, with the company guiding to over 26% growth at the mid-point in constant currency. JPMorgan continues to believe Monday.com “presents a unique opportunity as it breaks out of the mold of collaborative work management into a multi-product story.”