Browsing: Popped

One of the best and most immediate boosts for a stock is a meaty price target increase by an analyst. That was the case with Shopify (NASDAQ: SHOP) on Monday, as such a lift helped improve investor sentiment on the online commerce facilitator. Its share rose by almost 5% that trading session as a result.

Monday.com (NASDAQ: MNDY), a workplace production software developer that has pushed into the customer relationship management (CRM) space, saw its stock rise an impressive 16% last month. Investors didn’t react well to the company’s second-quarter results, but the solid performance of a notable peer known for its CRM offerings ultimately helped turn the tide.