Monday.com price target lowered to $293 from $319 at Citi

Citi lowered the firm’s price target on Monday.com (MNDY) to $293 from $319 and keeps a Buy rating on the shares. The firm adjusted models in the application software group after catching up with managements. Companies are facing a stable but uncertain demand environment, with some relief from the reopening of the U.S. government, the analyst tells investors in a research note. Citi names Pegasystems (PEGA) its new top pick, saying the company is the leader in artificial intelligence monetization. It also ...