Monday.com Shares Down 30% After Earnings Release, Analysts Cut Forecasts

1. Monday.com posted second-quarter results, beating consensus estimates. 2. Morgan Stanley upgraded MNDY from Equal-Weight to Overweight, target cut to $260. 3. Piper Sandler maintained Overweight rating, target reduced to $300. 4. Revenue growth slowed to 27%, first quarter below 30% growth. 5. Shares rose 2.67% to $178.78 post-earnings, after steep declines.