Barclays lowered the firm’s price target on Monday.com (MNDY) to $258 from $345 and keeps an Overweight rating on the shares post the earnings report. The firm says the company’s new products, pricing, and upmarket momentum continue to drive “industry-leading” growth. However, high expectations and a “softer beat/raise” drove a share selloff and some questions on the long-term growth algorithm, the analyst tells investors in a research note.
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