Monday.Com shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $277 to $250.
Portfolio Pulse from Benzinga Newsdesk
Monday.Com's stock (MNDY) trades lower following a downgrade by Citigroup from Buy to Neutral and a reduction in the price target from $277 to $250.
April 10, 2024 | 2:50 pm
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NEGATIVE IMPACT
Monday.Com's stock trades lower after Citigroup downgrades it from Buy to Neutral and lowers its price target from $277 to $250.
The downgrade by Citigroup from Buy to Neutral, along with a significant reduction in the price target, is likely to negatively impact investor sentiment towards Monday.Com (MNDY) in the short term. Such analyst actions often lead to a decrease in stock price as market participants adjust their expectations based on the new analyst outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100