- KeyBanc Analyst Jason Celino initiated coverage of Monday.com Ltd MNDY with an overweight rating and a Price target $135.
- He believes Monday.com is best positioned to sustain growth of over 30% for at least the next two years among its work management peers.
- He believes the company’s modular Work OS platform strategy enables go-to-market and competitive differentiation.
- The price target reflected a premium consistent with other SaaS growth rates of over 30%.
- Celino initiated reporting on Smartsheet Inc SMAR with an overweight rating and a Price target $46.
- He believes that Smartsheet is poised to become a leading player in the work management software category.
- In one of the more obvious paths to profitability among work management peers, he saw an underappreciated history of high growth and margin improvement.
- Celino initiated reporting on Asana, Inc ASAN with a Sector weighting assessment.
- CEO Dustin Moskovitz may have set Asana on an ambitious path to win the work management software category.
- With his disruptive platform strategy, company dynamics, and multiple mentions of wall-to-wall customer implementations, he believes Asana is working well.
- Despite the market decline and valuation, he saw a balanced risk/reward tradeoff.
- Price promotion: MNDY shares traded up 1.08% to $95.07 on the last check Thursday.
- Photo via company
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