Jefferies analyst Brent Thill lowered the firm’s price target on Monday.com (MNDY) to $300 from $330 and keeps a Buy rating on the shares following the Q3 report. The company’s fiscal year revenue guide range was not raised for first time in its history and the Q4 outlook missed by 1%, raising questions about the end of Monday.com’s “beat and raise cadence,” the analyst tells investors in a research note. However, Jefferies believes the company’s up-market move continues to work.
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:
- Strategic Transition at Monday.com: Navigating Short-Term Challenges for Long-Term Growth
- Monday.com price target lowered to $200 from $300 at Oppenheimer
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- Midday Fly By: Insurers slip as Senate spending bill lacks ACA extension
- Monday.com falls -18.1%