Monday.com因Hedgeye新的短期创意而走低

Monday.com (NASDAQ:MNDY) ticked down by 3% amid a new short idea from Hedgeye with the potential for 30% downside over the next 9-12 months.

"In the long run, we don’t believe Monday.com will successfully bridge the gap from point solution to platform," Hedgeye analyst Andrew Freedman wrote in a note on Thursday.

Freedman argues that a 20% price increase that Monday.com (MNDY) implemented in January may lead to increased churn/seat reductions and negatively impact rates on new business. 

"Our work suggests that while management aims to evolve into a platform, the current growth indicators point towards a stagnating point solution," Freedman added in the note. "Monday.com operates in a highly competitive market with low barriers to entry and faces competition from established players like HubSpot, Salesforce, and Atlassian in the CRM and developer tools sectors."