monday.com (NASDAQ:MNDY) Stock Gets Price Target Trim from Barclays

Key Points

• Barclays cut its monday.com price target to $91 from $100 and maintained an “equal weight” rating; the new target implies about 15.4% upside from the stock’s current price.
• Analyst views are mixed but lean cautious: the consensus rating is “Hold,” with an average price target of $104.78. Recent moves include downgrades from TD Cowen and Needham, while some firms retain Buy or Overweight ratings.
• monday.com beat Q3 earnings and revenue expectations, with revenue up 19.1% year over year, but its Q4 revenue outlook fell short of consensus, raising concerns about near-term growth and operational headwinds.

monday.com (NASDAQ:MNDY - Get Free Report) had its target price lowered by equities researchers at Barclays from $100.00 to $91.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 15.43% from the stock's current price.

Other analysts also recently issued research reports about the company. Oppenheimer set a $90.00 price objective on monday.com in a report on Monday. Wells Fargo & Company lowered their target price on shares of monday.com from $130.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. TD Cowen lowered monday.com from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $110.00 to $105.00 in a research note on Tuesday, November 3rd. Guggenheim restated a "buy" rating and issued a $130.00 price target on shares of monday.com in a research report on Tuesday, November 3rd. Finally, Needham & Company LLC lowered shares of monday.com from a "buy" rating to a "hold" rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $104.78.

monday.com Price Performance

MNDY opened at $78.83 on Tuesday. The stock has a market capitalization of $4.03 billion, a PE ratio of 33.48, a P/E/G ratio of 2.18 and a beta of 1.06. monday.com has a 12-month low of $57.50 and a 12-month high of $169.76. The firm's fifty day moving average price is $90.30 and its 200 day moving average price is $82.81.

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

Insider Transactions 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 shares were sold at an average price of $100.04, for a total value of $200,080.00. Following the sale, the director directly owned 203,455 shares of the company's stock, valued at approximately $20,353,638.20. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.30% of the company's stock.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNDY. Renaissance Technologies LLC raised its stake in shares of monday.com by 93.3% during the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company's stock valued at $150,797,000 after acquiring an additional 1,052,900 shares during the last quarter. RPD Fund Management LLC bought a new position in shares of monday.com in the first quarter valued at $17,529,000. Russell Investments Group Ltd. raised 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 purchasing an additional 174,630 shares during the last quarter. Bank of America Corp DE boosted its holdings in monday.com by 33.6% during the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company's stock worth $13,451,000 after acquiring an additional 49,002 shares during the last quarter. Finally, Swiss National Bank grew its position in monday.com by 28.6% in the 1st quarter. Swiss National Bank now owns 159,100 shares of the company's stock worth $10,995,000 after purchasing an additional 35,400 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com News Roundup

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

• Positive Sentiment: Q3 revenue rose 19.1% year over year to $377.5 million, topping expectations, while EPS of $2.14 also beat forecasts. Annual recurring revenue from AI features reached $36 million, offering evidence of traction in the company’s AI strategy. Monday.com: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management expects 2026 revenue of about $1.47 billion to $1.48 billion, broadly in line with estimates. Some analysts argue that roughly 20% growth and the Q3 beat-and-raise support the company’s longer-term case, even as near-term headwinds persist. 2026 revenue outlook
• Negative Sentiment: Q4 revenue guidance of $380 million to $382 million came in below the $385.5 million consensus estimate. Investors are concerned that the AI-first strategy and push toward larger customers are creating transition pains, alongside slower growth and cautious customer spending. The softer outlook has overshadowed the quarterly beat. Monday.com falls despite Q3 beat, sees near-term operational headwinds
• Negative Sentiment: Analyst sentiment has also weakened: Needham downgraded MNDY to Hold from Buy, following downgrades from Canaccord and Loop Capital. BTIG trimmed its price target to $100 but maintained a Buy rating, providing a more favorable counterpoint. Needham downgrades monday.com to Hold

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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