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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $290 at TD Cowen
- Monday.com price target lowered to $210 from $240 at Baird
- Monday.com price target lowered to $230 from $285 at JPMorgan
- Monday.com price target lowered to $250 from $275 at Piper Sandler
- Monday.com price target lowered to $195 from $205 at BofA