JPMorgan lowered the firm’s price target on Monday.com (MNDY) to $230 from $285 and keeps an Overweight rating on the shares. The magnitude of the company’s estimate upside in Q3 is narrower versus recent quarters and its Q4 revenue guidance is modestly below Street expectations, the analyst tells investors in a research note. The firm views this as an “unexpected change in trend.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 $250 from $275 at Piper Sandler
- Monday.com price target lowered to $195 from $205 at BofA
- Cautious Hold Rating on Monday.com Amid Growth Concerns and Market Strategy Shifts
- Monday.com price target lowered to $319 from $332 at Citi
- Monday.com price target lowered to $230 from $255 at Canaccord