monday.com (NASDAQ:MNDY) Stock Gets Price Target Reduction from Citigroup

Key Points

• Citigroup cut its monday.com price target from $132 to $127 but maintained a Buy rating; its new target implies about 69% upside from the stock’s current price.
• Shares fell 6.1% to $75.08 on Tuesday. Across analysts, the average rating was Hold, with a consensus price target of $103.30.
• Third-quarter earnings and revenue beat estimates, but fourth-quarter revenue guidance came in below consensus, with the company citing slower demand and longer enterprise sales cycles.

monday.com (NASDAQ:MNDY - Get Free Report) had its price target lowered by equities researchers at Citigroup from $132.00 to $127.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 69.16% from the company's current price.

MNDY has been the subject of a number of other research reports. Guggenheim restated a "buy" rating and set a $130.00 price target on shares of monday.com in a report on Tuesday, November 3rd. Loop Capital lowered their price objective on monday.com from $100.00 to $90.00 and set a "hold" rating for the company in a research report on Monday. BTIG Research cut their target price on monday.com from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday. Canaccord Genuity Group downgraded monday.com from a "buy" rating to a "hold" rating and reduced their target price for the company from $115.00 to $90.00 in a research report on Monday. Finally, Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a research note on Sunday, November 1st. Ten investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, monday.com presently has an average rating of "Hold" and a consensus price target of $103.30.

monday.com Stock Down 6.1%

MNDY stock traded down $4.85 during trading on Tuesday, hitting $75.08. 902,202 shares of the company's stock traded hands, compared to its average volume of 1,756,592. The business has a fifty day simple moving average of $90.30 and a two-hundred day simple moving average of $82.81. The firm has a market capitalization of $3.84 billion, a P/E ratio of 31.86, a PEG ratio of 2.18 and a beta of 1.06. monday.com has a 1 year low of $57.50 and a 1 year high of $169.76.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.73. The firm had revenue of $377.54 million for the quarter, compared to the consensus estimate of $369.17 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, equities research analysts predict that monday.com will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling at monday.com

In other news, Director Aviad Eyal sold 2,000 shares of the company's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total value of $200,080.00. Following the completion of the sale, the director owned 203,455 shares of the company's stock, valued at $20,353,638.20. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 22.30% of the company's stock.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in shares of monday.com by 600.0% during the 3rd quarter. Global Retirement Partners LLC now owns 896 shares of the company's stock valued at $70,000 after buying an additional 768 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of monday.com during the third quarter worth approximately $835,000. Diversified Trust Co bought a new stake in shares of monday.com in the third quarter valued at approximately $421,000. Russell Investments Group Ltd. grew its stake in shares of monday.com by 4,477.7% in the third quarter. Russell Investments Group Ltd. now owns 178,530 shares of the company's stock worth $13,946,000 after acquiring an additional 174,630 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of monday.com in the third quarter worth $200,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Third-quarter results beat expectations: earnings were $2.14 per share versus a $1.41 consensus, while revenue rose 19.1% year over year to $377.5 million. A report said cost reductions helped lift non-GAAP operating margin to a record 24%. MNDY Q3 Earnings Beat Estimates on Cost Cuts, Revenues Rise Y/Y
• Positive Sentiment: AI features generated $36 million in annual recurring revenue, and BTIG, Morgan Stanley and Wells Fargo maintained positive ratings despite lowering their price targets. Monday.com: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Full-year revenue guidance was about in line with expectations, at roughly $1.5 billion. monday.com Expects 2026 Revenue Range
• Negative Sentiment: Fourth-quarter revenue guidance of $380 million–$382 million came in below the roughly $385.5 million consensus. The company cited slower demand and longer enterprise sales cycles, raising concerns about growth and the near-term effects of its AI and upmarket strategy. Shares Sink as Weak Guidance Overshadows Q3 Results
• Negative Sentiment: Several firms reduced price targets; Needham and Canaccord downgraded MNDY from Buy to Hold. These revisions suggest less confidence in the stock’s near-term outlook, even though some firms’ targets remain above its recent trading level. Needham Downgrades monday.com to Hold From Buy

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017. Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting. Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.

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