Cantor Fitzgerald analyst Thomas Blakey lowered the firm’s price target on Monday.com (MNDY) to $95 from $148 and keeps an Overweight rating on the shares. Monday.com is expected to face lowered forecasts for CY26/CY27 and a more stringent “show me” phase after management signaled it will no longer discuss the $1.8B CY27 target, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $100 from $150 at DA Davidson
- Monday.com price target lowered to $135 from $210 at BTIG
- Monday.com price target lowered to $90 from $230 at JPMorgan
- Monday.com price target lowered to $176 from $230 at Citi
- Monday.com price target lowered to $180 from $250 at Guggenheim