Enterprise software company Monday.com (NASDAQ: MNDY) saw its shares drop over 15% after publishing its latest quarterly figures, despite beating analyst estimates. Revenue for the third quarter was just under $317 million, with a profit of $13 million compared to a loss last year. However, guidance for the fourth quarter fell short of expectations, leading to a negative reaction from investors. Analysts have since lowered price targets, but some see this as an overreaction, viewing the dip as a potential buying opportunity. Several finance sector analysts, including those from Morgan Stanley and Citigroup, have revised their takes on the company.
Read more at Nasdaq: Why Monday.com Stock Plummeted by 15% This Week
