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.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MNDY:
- Monday.com price target raised to $156 from $139 at KeyBanc
- Monday.com price target lowered to $130 from $138 at Piper Sandler
- Jefferies software/Internet analyst to hold analyst/industry conference call
- JPMorgan upgrades Monday.com to Overweight on ‘relative resiliency’
- Monday.com upgraded to Overweight from Neutral at JPMorgan