Monday.com jumps as brokerages raise PTs after surprise Q4 profit
14/02/2023 21:41
** Shares of Israel-based software publisher Monday.com Ltd
MNDY.O hit over 10-month high, last up 1% at $165.65 after
market closed
** Cowen believes MNDY can perform well in turbulent
macroeconomic conditions, helped by speedy innovation, effective
customer acquisition and a robust value proposition
** Cowen and Company raises PT to $175 from $165
** The company's execution and pace of innovation continues
to impress us – Credit Suisse
** Monday.com reported surprise Q4 profit on Monday
** At least 9 brokerages have raised PTs after results
** 16 of 18 brokerages rate the stock "buy" or higher and 2
"hold"; median PT is $172.50
** MNDY had fallen 60.4% in 2022
(Reporting by Vedant Vinayak Vichare)
((Vedant.VinayakVichare@thomsonreuters.com))