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Monday.com's shares fell after missing earnings estimates, though it retains a "Moderate Buy" rating.
monday.com (NASDAQ: MNDY) saw its shares drop significantly before Wednesday's market opened, from $262.18 to $251.00.
The company reported earnings of $0.50 per share, missing estimates.
Despite the drop, monday.com has a "Moderate Buy" rating and a price target of $352.64.
The company provides a cloud-based work management system and has a market cap of $13.33 billion.
Investment firm AllianceBernstein reduced its holdings in the company by 86,543 shares in the fourth quarter.
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Las acciones de Monday.com cayeron después de las estimaciones de ganancias perdidas, aunque conserva una calificación de "Compra Moderada".