Canaccord lowered the firm’s price target on Monday.com (MNDY) to $350 from $375 and keeps a Buy rating on the shares. The firm said the company reported solid Q1 results with revenue upside relative to guidance consistent, if not a bit better than prior quarters, gross margins came in at 90%, and the firm generated 39% FCF margins in the quarter, helping to sustain long term FCF margins.
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Read More on MNDY:
- Monday.com price target lowered to $345 from $360 at Barclays
- monday.com Reports Strong Q1 2025 Financial Results
- monday.com Shines in Q1 2025 Earnings Call
- Strong Growth and Strategic Positioning Drive Buy Rating for Monday.com
- Strong Growth Potential and Strategic Execution Make Monday.com a Compelling Buy
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