BofA lowered the firm’s price target on Monday.com (MNDY) to $195 from $205 and keeps a Neutral rating on the shares. A narrower Q3 beat magnitude and 1.3% cut to Q4 implied guidance drove growth concerns, notes the analyst, who remains constructive on Monday’s long-term fundamental outlook and profile, but believes AI risks and potential near-term growing pains from an evolving go-to-market motion makes the current risk/reward balanced.
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