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0 0 0.00553381023080033 0.00553381023080033 0.00634363611823456 0.0353623970846269 0.0452152787150762 0.0648535564853557
Stock impact report

Monday.com Ltd (MNDY) Gets A Downgrade From Jefferies [Yahoo! Finance]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: Yahoo! Finance
Monday.com Ltd (NASDAQ: MNDY ) is one of the 10 best beaten down software stocks with the highest upside potential . On February 23, Jefferies assigned a Hold rating to Monday.com Ltd (NASDAQ:MNDY), downgrading from the prior Buy rating. The price target was also drastically reduced from $260 to $80. Jefferies sees the AI-induced risks continuing for application software stocks, with MNDY being one of the major companies affected. The analysts described the company's prospects as ‘hazy' in the small business and enterprise segments. Monday.com Ltd (MNDY) Gets A Downgrade From Jefferies The company's management sounded upbeat on the earnings call on February 10 , however. The firm expects Q1 revenue to fall between $274 and $276 million, which translates to 26%-27% YoY growth. A healthy free cash flow of $300 million to $308 million is also expected in the full year. Some of the risks facing the company, apart from AI, include foreign exchange impact, elongated enterprise deal cyc Show less Read more
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