Piper Sandler raised the firm’s price target on Monday.com (MNDY) to $340 from $300 on higher estimates, while keeping an Overweight rating on the shares. The firm says that multi-product momentum that can help sustain 25%-30% top-line growth alongside 25%-30% free cash flow margins could justify further multiple expansion and EPS upside.
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Read More on MNDY:
- Monday.com initiated with an Overweight at Capital One
- Jefferies Internet and software analyst to hold analyst/industry conference call
- Monday.com price target raised to $325 from $300 at Barclays
- Monday.com price target raised to $320 from $300 at TD Cowen
- Monday.com price target raised to $300 from $250 at DA Davidson