MNDY - Citi Cautions

Citibank had a cautionary note today about MNDY which has sent the stock under $200: "recent partner convos and web traffic outlined slowing demand with more muted impact from price increases, adding risk to the NT outlook vs. what we view as elevated investor sentiment and valuation.”

I touched base with IR: “Regarding the Citi note that was released this morning, I would like to reiterate our previous statements. The price increase that was implemented in February has been in line with our expectations. We anticipate its positive impact to be felt throughout the year as customers renew their subscriptions. As a company, we remain confident in the guidance we provided for FY24 and the multi-year guidance disclosed at our Investor Day.”

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