Canaccord lowered the firm’s price target on Monday.com (MNDY) to $115 from $140 and keeps a Buy rating on the shares. The firm said Monday delivered one of the biggest quarterly upsides we’ve seen to date. This better- than-feared outcome was driven by a combination of healthy up-market momentum, improving monetization vectors, and early evidence that AI is becoming a more meaningful contributor to growth rather than simply a product narrative.
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