monday.com (NASDAQ:MNDY) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo cut its monday.com price target from $120 to $100 but maintained an Overweight rating; the new target implied 28.33% upside from the stock’s then-current price.
• Analyst opinion was mixed: MarketBeat reported 10 Buy and 15 Hold ratings, with an average rating of Hold and a consensus price target of $103.91.
• monday.com beat quarterly earnings and revenue estimates, with revenue up 19.1% year over year, but its next-quarter revenue guidance fell short of consensus expectations.

monday.com (NASDAQ:MNDY - Get Free Report) had its target price reduced by research analysts at Wells Fargo & Company from $120.00 to $100.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 28.33% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler restated a "neutral" rating and issued a $90.00 price target on shares of monday.com in a research report on Thursday, October 29th. Guggenheim reissued a "buy" rating and issued a $130.00 price target on shares of monday.com in a report on Tuesday, November 3rd. UBS Group reaffirmed a "buy" rating on shares of monday.com in a research report on Tuesday, October 27th. Weiss Ratings upgraded monday.com from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. cut monday.com from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $90.00 to $87.00 in a report on Tuesday, September 29th. Ten equities research 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, the company presently has an average rating of "Hold" and a consensus price target of $103.91.

monday.com Price Performance

Shares of NASDAQ:MNDY traded down $2.01 on Tuesday, reaching $77.92. The company's stock had a trading volume of 180,948 shares, compared to its average volume of 1,753,144. monday.com has a 52-week low of $57.50 and a 52-week high of $169.76. The stock's 50-day moving average is $90.30 and its two-hundred day moving average is $82.81. The stock has a market capitalization of $3.99 billion, a P/E ratio of 33.03, a PEG ratio of 2.18 and a beta of 1.06.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.73. monday.com had a return on equity of 9.09% and a net margin of 8.87%. 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 company earned $1.16 EPS. monday.com's revenue was up 19.1% on a year-over-year basis. Equities analysts forecast that monday.com will post 2.34 earnings per share for the current fiscal year.

Insider Transactions at monday.com

In related news, Director Aviad Eyal sold 2,000 shares of monday.com stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total transaction of $200,080.00. Following the sale, the director directly owned 203,455 shares in the company, valued at $20,353,638.20. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On monday.com

Large investors have recently bought and sold shares of the business. Fulton Bank N.A. lifted its stake in shares of monday.com by 5.1% during the second quarter. Fulton Bank N.A. now owns 3,339 shares of the company's stock valued at $242,000 after acquiring an additional 162 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of monday.com by 498.6% during the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company's stock worth $29,000 after buying an additional 354 shares during the last quarter. Signaturefd LLC lifted its holdings in monday.com by 28.3% in the third quarter. Signaturefd LLC now owns 4,469 shares of the company's stock valued at $351,000 after buying an additional 987 shares during the period. State of Wyoming lifted its stake in shares of monday.com by 96.6% in the 1st quarter. State of Wyoming now owns 3,497 shares of the company's stock valued at $242,000 after purchasing an additional 1,718 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in monday.com by 56.8% in the third quarter. Commonwealth Equity Services LLC now owns 4,746 shares of the company's stock valued at $372,000 after buying an additional 1,720 shares during the period. Institutional investors own 73.70% of the company's stock.

More monday.com News

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

About monday.com

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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