Monday.com dips after Citi cuts rating to Neutral [Seeking Alpha]
monday.com Ltd. - Ordinary Shares (MNDY)
Company Research
Source: Seeking Alpha
The analysts noted that the stock was downgraded after recent partner conversations and web traffic outlined slowing demand with a more muted impact from price increases, adding risk to the near-term outlook versus what they see as elevated investor sentiment and valuation. Citi still views Israel-based monday.com as a premier name relative to peers on new product expansion (CRM), G2M efficiency, and spending consolidation, particularly in the medium and long term. However, the analysts believe that investor expectations for the impact of price increases on 2024 growth may be over-extended in the near-term, leading them to see a more balanced risk-reward versus a premium valuation. Monday.com's ( MNDY ) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. Meanwhile, the Seeking Alpha authors' average rating is more positive with a Buy and so is the average Wall Street analysts' rating, Buy Recommended For You More Trending News Re
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MNDY
News
- Monday.com (MNDY) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- monday.com Ltd. (NASDAQ: MNDY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $250.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
- monday.com to Announce First Quarter 2024 Financial Results on Wednesday, May 15, 2024Business Wire
- Why monday.com Ltd. (NASDAQ:MNDY) Could Be Worth Watching [Yahoo! Finance]Yahoo! Finance
- 5 Ways To Set Up Elite Dashboards [Forbes]Forbes
MNDY
Earnings
- 2/12/24 - Beat
MNDY
Sec Filings
- 4/1/24 - Form 144
- 4/1/24 - Form 144
- 3/18/24 - Form 6-K
- MNDY's page on the SEC website