KeyBanc upgraded Monday.com (MNDY) to Overweight from Sector Weight with a $420 price target The firm says it was worried about Monday.com’s guidance into the quarter and admits it was wrong. The company is “back on the growth train,” the analyst tells investors in a research note. KeyBanc believes the company outlook is “plenty achievable” with “multiple potential areas of upside.” Monday.com closed Monday up 26%, or $68.34, to $326.58.
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Read More on MNDY:
- Monday.com price target raised to $400 from $350 at Needham
- Monday.com upgraded to Overweight from Sector Weight at KeyBanc
- Strong Buy Recommendation for Monday.com: Impressive Revenue Growth and Strategic Market Positioning
- Strong Q4 Performance and Strategic Initiatives Justify Buy Rating for Monday.com
- Monday.com price target raised to $370 from $355 at BofA