Jefferies says Monday.com (MNDY) “delivered its usual small rev beat & raise” in Q3, adding that it sees “the bulk of today’s stock reaction” as due to strong year-to-date performance with the stock up 73% and a rise in the multiple. The firm, which expects a strong Q4 and potential upside to the 27% revenue growth consensus for FY25, reiterates a Buy rating and $350 price target on Monday.com shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY:
