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Monday.com price target lowered to $315 from $400 at Scotiabank

Monday.com price target lowered to $315 from $400 at Scotiabank

Scotiabank lowered the firm’s price target on Monday.com (MNDY) to $315 from $400 and keeps an Outperform rating on the shares. With demand trends worsening and recession odds rising, the firm favors market leaders in the software and services sector, specifically those with strong free cash flow that can benefit from AI, the analyst tells investors.

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