Canaccord Genuity Maintains Buy on Monday.Com, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on Monday.Com (NASDAQ:MNDY) but lowers the price target from $250 to $220.
April 22, 2024 | 11:38 am
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Canaccord Genuity maintains a Buy rating on Monday.Com but lowers the price target from $250 to $220.
While the Buy rating reaffirms confidence in Monday.Com's fundamentals and growth potential, the reduction in price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
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