KeyBanc lowered the firm’s price target on Monday.com to $180 from $211 and keeps an Overweight rating on the shares. While the firm acknowledges that geopolitical overhang could persist, possibly into next year, it still sees a positive risk-reward heading into Q3 earnings on 11/13. As an Israeli-based company, KeyBanc has seen a -9% pullback in shares since early October. Supported by its positive Key First Look Data Tracker for Monday.com transactions, the firm again expects a strong Q3 and at least in line Q4 guidance.
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