Baird Upgrades monday.com Ltd. (MNDY) to Outperform

Baird analyst Rob Oliver upgraded monday.com Ltd. (NASDAQ: MNDY) from Neutral to Outperform with a price target of $310.00 (from $280.00).

The analyst comments: "As the SaaS space evolves with the evolution of AI, our medium/long-term investment decisions are increasingly driven by the sustainability of platform value. We are upgrading MNDY to Outperform as we see the company leveraging its early CWM lead to execute on this opportunity. Unlike competitors, MNDY has 'productized' its platform in way that delivers value around use-cases and buying centers. We encounter high investor interest among potential holders. We expect solid Q2 results and like the catalyst path into the September user conference and investor day."

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 $249.96 yesterday.

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