Analysts at Berenberg Bank attended the Elevate conference hosted by monday.com Ltd. (NASDAQ:MNDY) on October 5, where the company highlighted its product roadmap into 2022. The enhancements add new collaboration features (workdocs/ workflows at scale) and increase the number of apps while also introducing new enterprise and vertical-specific solutions.

The analysts believe the company should continue innovating and responding to customer feedback as it seeks to differentiate itself from the growing number of work management platforms. Note, that the competitor Asana released new products at its Focus and Flow summit in June and will likely present more functionalities at its Enterprise Summit on October 20.

According to the brokerage, the company’s enhancements announced at the conference help better address enterprise clients and add to the vertical solutions that differentiate it from peers. The brokerage remains positive on the company, reiterating its buy rating and $350 price target.