Jefferies downgraded Monday.com (MNDY) to Hold from Buy with a price target of $80, down from $260. The firm says the apps software names have been hit harder than overall software. Jefferies sees ongoing risk of negative segment and downgraded four names in the space to reflect its news AI risk framework and company-specific factors. For Monday.com, the analyst sees a “hazy outlook” in both its small business and enterprise segments.
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