crypto strategy

Monday.Com analyst remains optimistic after New York conference, thanks to improvements in product strategy

  • Needham analyst Scott Berg reiterated a buy on Monday.Com Ltd (NASDAQ: MNDY) with a price target of $230.

  • He attended Monday.com’s Elevate customer conference in New York yesterday.

  • Its main finding was significant product strategy improvements that are almost exclusively focused on scaling and features required for larger deployments.

  • Especially for customers in the large enterprise segment, he believes they are beginning to standardize and streamline their collaborative work management (CWM) infrastructure.

  • He liked this focus as he thinks it is essential to capture the current growth phase of the CWM segment.

  • Customer conversations were very complementary to the company’s user interface, ease of use, and ability to scale outside of traditional project management use cases.

  • He thinks this ability will be needed to transform CWM from a decently sized TAM to a meaningfully sized TAM.

  • Price Action: Shares of MNDY traded up 0.28% at $98.18 when last checked on Tuesday.

Latest reviews for MNDY

Date

Solidify

Stock

Of

To

February 2022

D.A. Davidson

Updates

Neutral

To buy

February 2022

Needham

Maintains

To buy

February 2022

Piper Sandler

Maintains

Overweight

View more analyst notes for MNDY

See the latest analyst ratings

See more Benzinga

Don’t miss real-time alerts on your actions – join BenzingaPro free! Try the tool that will help you invest smarter, faster and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

#MondayCom #analyst #remains #optimistic #York #conference #improvements #product #strategy #crypto strategy

Related Articles

Back to top button