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0 -0.000326347933518232 0.00258747290146627 0.00209795100118892 0.00314692650178331 -0.000442900766917638 -0.00484859786941417 -0.00205132986782908
Stock impact report

Mondy.com, GitLab both rated Overweight as Wells Fargo initiates coverage [Seeking Alpha]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: Seeking Alpha
Monday.com, a work management platform, is a leader in this space, as Wells Fargo rates the company Overweight as it initiates coverage. The bank also set a price target of $260 on the stock. "What began as a modern cloud-based work management tool, primarily for SMBs, in 2012, has since greatly expanded to create a holistic platform to help companies optimize how they work in a number of different manners," said Wells Fargo equity analyst Michael Berg, in a note. "As a result, monday.com has emerged as one of the leading vendors across several large and attractive market sub-segments, creating a quite sizable TAM for the company to target." GitLab poised for gains Meanwhile, DevSecOps provider GitLab ( NASDAQ: GTLB ), also received an Overweight rating by Wells Fargo on Tuesday as the bank initiated coverage on it as well. It set a price target of $70 on the stock. "We see the debate around AI reducing number of devs in the market as largely overstate," said Wells Fargo equi Show less Read more
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