Analyst Reiterates Buy on Monday.com After Strong Enterprise-Driven Beat; Keeps $125 Price Target Unchanged
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Analyst Scott Berg from Needham has reiterated a Buy rating on Monday.com, maintaining a price target of $125. The decision is based on the company's strong revenue performance, which exceeded expectations, and the growth driven by larger enterprise customers. Berg also noted the positive impact of new AI pricing and the acquisition of OneAI on the company's CRM capabilities. Additionally, Barclays has assigned a Buy rating with a $100 price target.
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