Piper Sandler Maintains Overweight on Monday.Com, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $200 to $225. This adjustment suggests a positive outlook on the company's future performance.
December 07, 2023 | 4:12 pm
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Piper Sandler's analyst Brent Bracelin has reaffirmed an Overweight rating on Monday.Com and raised the price target from $200 to $225, indicating a positive view on the stock's potential.
The increase in price target by Piper Sandler is a strong positive signal to investors, often leading to a short-term increase in stock price as market sentiment is influenced by analyst ratings and target adjustments. The Overweight rating reaffirms the analyst's confidence in the company's prospects, which could encourage investors to buy or hold the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100