Jefferies sees ‘bulk’ of Monday.com Q3 reaction as due to strong YTD performance
The Fly

Jefferies sees ‘bulk’ of Monday.com Q3 reaction as due to strong YTD performance

Jefferies says Monday.com (MNDY) “delivered its usual small rev beat & raise” in Q3, adding that it sees “the bulk of today’s stock reaction” as due to strong year-to-date performance with the stock up 73% and a rise in the multiple. The firm, which expects a strong Q4 and potential upside to the 27% revenue growth consensus for FY25, reiterates a Buy rating and $350 price target on Monday.com shares.

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