Citigroup Downgrades Monday.Com to Neutral, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders downgraded Monday.Com (NASDAQ:MNDY) from Buy to Neutral and reduced the price target from $277 to $250.
April 10, 2024 | 2:04 pm
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NEGATIVE IMPACT
Citigroup downgraded Monday.Com from Buy to Neutral and lowered the price target from $277 to $250.
The downgrade from Buy to Neutral by a major financial institution like Citigroup, accompanied by a reduction in the price target, is likely to negatively impact investor sentiment towards Monday.Com in the short term. This could lead to a decrease in the stock price as investors adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100