Baird raised the firm’s price target on Monday.com (MNDY) to $270 from $265 and keeps a Neutral rating on the shares. The firm said they reported a solid quarter with upside across all key metrics. However, expectations were high into the print and in-line Q4 revenue guidance was a disappointment.
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Read More on MNDY:
- Monday.com price target raised to $310 from $295 at Canaccord
- Monday.com assumed with a Neutral at DA Davidson
- Monday.Com Achieves $1 Billion ARR Milestone
- Jefferies sees ‘bulk’ of Monday.com Q3 reaction as due to strong YTD performance
- Monday.com results and outlook did not meet high expectations, says Oppenheimer