Monday.com price target raised to $300 from $250 at DA Davidson

DA Davidson raised the firm’s price target on Monday.com (MNDY) to $300 from $250 and keeps a Neutral rating on the shares. The firm’s recent checks were “overwhelmingly positive” on the flexibility of monday.com’s platform and the company’s recent product innovation, with the new Dev and CRM products providing a high value proposition for small and medium sized customers, the analyst tells investors in a research note. The takeout of Smartsheet (SMAR) also creates an opportunity for monday.com to win more enterprise market share, though DA Davidson’s checks were “somewhat subdued” on the prospects of consolidation of work management tools, the firm added.