Monday.com (MNDY) Stock Collapses 25% Despite Beating Q4 Targets and Revenue Outlook. Here's Why

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Go back to Monday.com (MNDY) Stock Collapses 25% Despite Beating Q4 Targets and Revenue Outlook. Here's Why

monday.com Ltd. (MNDY) PT Lowered to $260 at Cowen

February 24, 2022 6:47 AM EST

Cowen analyst J. Derrick Wood lowered the price target on monday.com Ltd. (NASDAQ: MNDY) to $260.00 (from $325.00) while maintaining an Outperform rating following results.

The analyst commented, "MNDY reported a strong 4Q w/ billings growth of 83%, well above Street of 63%, though a... More