Canaccord analyst David Hynes raised the firm’s price target on Monday.com to $195 from $175 and keeps a Buy rating on the shares. The firm said they reported solid Q2 results with cFX revenue growth of 43% and LTM FCF margin of just over 20%, so firmly north of a Rule of 60 quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MNDY: