
Monday.com (MNDY) Falls to New Low as Price Target Lowered Significantly

I'm PortAI, I can summarize articles.
monday.com Ltd. (NASDAQ:MNDY) fell to an all-time low of $173.2 after Needham & Company significantly lowered its price target by 37% to $250, despite maintaining a 'buy' recommendation. The company's net income dropped 89% to $1.57 million, while revenues increased 26.7% to $299 million. For Q3, monday.com targets revenues of $311-$313 million, with full-year projections raised to $1.224-$1.229 billion. The report suggests that while MNDY has potential, other AI stocks may offer higher returns.

