TD Cowen lowered the firm’s price target on Monday.com (MNDY) to $250 from $290 and keeps a Buy rating on the shares. The firm said strong up-market trends were overshadowed by choppiness down-market due to continued top-of-funnel crosscurrents from AI Search. They were encouraged by growth acceleration in RPO bookings and upticks in $50k+ NDR and net new customer growth and believe the latter motions will pay strong dividends medium-term.
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 $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
- Cautious Hold Rating on Monday.com Amid Growth Concerns and Market Strategy Shifts