Cantor Fitzgerald downgraded Monday.com from Overweight to Neutral due to concerns about its near-term growth. The company forecasted third-quarter revenue of $368-370 million, below Wall Street's $372.8 million expectation, causing a stock drop. Despite this, Monday.com reported strong Q2 results with 22% revenue growth and EPS of $1.48, beating estimates. The firm is shifting focus to larger customers and growing its AI product revenue, maintaining full-year revenue guidance of $1.466-1.474 billion.
Capital One Financial downgraded Monday.com's stock rating to Equalweight with a new price target of $95, citing Q3 revenue guidance below analyst expectations. Monday.com forecasted Q3 revenue between $368 million and $370 million, under the consens...
monday.com reported better-than-expected Q2 earnings and revenue, with $364.6 million revenue up 22% year-over-year and adjusted EPS of $1.48 beating estimates. However, shares fell 6% after the company issued Q3 revenue guidance of $368 million to $...
