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Monday.com (MNDY) was downgraded to a Hold Rating at Jefferies

Tipranks - Tipranks - Tue Feb 24, 12:52AM CST

Monday.com received a Hold rating and price target from Jefferies analyst Brent Thill today.

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Thill covers the Technology sector, focusing on stocks such as Atlassian, International Business Machines, and Workday. According to TipRanks, Thill has an average return of 4.2% and a 50.50% success rate on recommended stocks.

In addition to Jefferies, Monday.com also received a Hold from TipRanks – Google’s Google Software – Application in a report issued on February 10. However, on February 20, Oppenheimer reiterated a Buy rating on Monday.com (NASDAQ: MNDY).

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Based on Monday.com’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $333.88 million and a net profit of $76.69 million. In comparison, last year the company earned a revenue of $267.98 million and had a net profit of $23.01 million

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