Canaccord lowered the firm’s price target on Monday.com (MNDY) to $230 from $255 and keeps a Buy rating on the shares. The firm said the Q3 top line beat was smaller than normal, Q4 guidance came in a bit below expectations, and management narrowed the full year revenue guide inside previous ranges, which is a change from the typical raises in the past as a bit of a transition is underway.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY:
- Monday.com price target lowered to $202 from $258 at Barclays
- Long-Term Growth Prospects and Strategic Shifts Position Monday.com as a Buy Despite Short-Term Challenges
- Monday.com: Strong Growth Potential and Attractive Valuation Justify Buy Rating
- Monday.com Reports Strong Q3 2025 Growth
- Monday.com Ltd. Reports Strong Q3 Earnings Growth