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.
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