DA Davidson Upgrades monday.com Ltd. (MNDY) to Buy

DA Davidson analyst Lucky Schreiner upgraded monday.com Ltd. (NASDAQ: MNDY) from Neutral to Buy with a price target of $350.00.

The analyst commented: "We have always viewed monday.com as a great company whose shares fairly reflected its premium quality. With the recent pull back in MNDY now is an opportune time to take a second look at an attractive entry point. We have confidence in the durability of cash flows moving forward for MNDY and are incrementally positive on enterprise adoption given recent results. Valuation presents an opportunity to own this name at a discount so we are upgrading MNDY to BUY."

For an analyst ratings summary and ratings history on monday.com Ltd. click here. For more ratings news on monday.com Ltd. click here.

Shares of monday.com Ltd. closed at $255.87 yesterday.

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