DA Davidson analyst Robert Simmons downgraded Monday.com to Neutral from Buy with a price target of $150, up from $125, ahead of its Q4 results on Monday. Third party data suggests the company will report a smaller beat than usual, and competitor commentary and results also point in a similar direction, the analyst tells investors in a research note. In light of the stock’s strong run recently, a neutral stance is warranted, the firm added.
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