Monday.com placed on ‘Positive Catalyst Watch’ at JPMorgan

JPMorgan placed Monday.com (MNDY) on “Positive Catalyst Watch” while keeping an Overweight rating on the shares with a $350 price target The firm is “positively biased” on the shears going into the earnings report. Partner conversations indicate that after a brief slowdown in September, the demand environment for Monday.com’s enterprise segment in the U.S. has recovered meaningfully through December and into 2025, the analyst tells investors in a research note. Additionally, the small business macro environment appears stable, with some third party surveys indicating an uptick at the low end of the segment in November and December, which likely also bodes well for Monday’s U.S. business, contends JPMorgan. It sees a “solid buying opportunity” for long-term investors at current share levels.