Monday.com price target lowered to $300 from $310 at Loop Capital

Loop Capital lowered the firm’s price target on Monday.com (MNDY) to $300 from $310 and keeps a Buy rating on the shares as part of a broader research note fine-tuning estimates on select Software names. The firm notes that its inputs with company management, field personnel, and potential buyers suggest that business fundamentals remain relatively consistent with recent quarters, setting the stage for most software vendors to report in line to slightly better-than-expected December prints. For the company however, Loop warns that there may be lingering concerns over the management’s cautionary short-term comments around enterprise customer growth, the slower pace of sales hiring, and the sluggish uptake of the relatively new dev solution, the analyst tells investors in a research note.