Yahoo Finance

Loop Capital analyst Mark Schappel raised the firm’s price target on Monday.com (MNDY) to $385 from $300 and keeps a Buy rating on the shares. The company exited 2024 strong as Q4 revenue growth and profitability came in nicely ahead of expectations, with net dollar retention rate ending the period at 112% and operating margins of 15.0% coming at an all-time high, the analyst tells investors in a research note. The quarter was driven by strong execution, strength in the North American enterprise segment, stabilizing macro conditions outside the US, pricing improvements, and increasing contributions from the CRM and Services products, the firm added.

Maximize Your Portfolio with Data Driven Insights:

• Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

• Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MNDY:

• Monday.com price target raised to $400 from $300 at Scotiabank

• Monday.com price target raised to $350 from $300 at DA Davidson

• Analysts Raise Price Target for Monday.com (MNDY) after Strong Q4 Results

• Monday.com price target raised to $335 from $275 at Baird

• Monday.com price target raised to $375 from $310 at Canaccord