Monday.com price target lowered to $236 from $260 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Monday.com (MNDY) to $236 from $260 and keeps an Overweight rating on the shares. A skinnier beat on a lower bar and lack of FY25 revenue raise fell short of market expectations and sent shares lower, but the firm’s thesis based on an increasing mix of faster growing multi-product and larger customer revenue “remains strong,” the analyst tells investors.