Needham raised the firm’s price target on Monday.com (MNDY) to $400 from $350 and keeps a Buy rating on the shares. The company reported “excellent” Q4 results, driven by enterprise strength and solid U.S. demand, while rest of world demand remained stable and European weakness was less than feared, the analyst tells investors in a research note. Needham rolled its valuation forward to what it expects is high 20% growth in fiscal 2026.
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Read More on MNDY:
- 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
- Monday.com price target raised to $380 from $325 at Oppenheimer