Barclays analyst Raimo Lenschow lowered the firm’s price target on Monday.com (MNDY) to $345 from $360 and keeps an Overweight rating on the shares. The company’s Q1 was solid, with a sales beat in line with fiscal 2024 levels and strong profitability and cash flow, the analyst tells investors in a research note. The firm says all key performance indicators in Q1 were stable to improving.
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