monday.com (NASDAQ:MNDY) Earns "Buy" Rating from BTIG Research

Key Points

• BTIG Research reiterated its “Buy” rating on monday.com and set a $105 price target, implying 18.48% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $125.17.
• monday.com exceeded quarterly expectations, reporting $1.48 in EPS versus $1.14 expected and $364.6 million in revenue versus $355.6 million estimated; revenue grew 21.9% year over year.
• Despite the earnings beat, softer third-quarter revenue guidance and a reported 20% workforce reduction tied to its AI and enterprise shift have raised concerns about slowing growth and execution risks.

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at BTIG Research in a research note issued on Monday,Benzinga reports. They currently have a $105.00 price objective on the stock. BTIG Research's price objective points to a potential upside of 18.48% from the stock's previous close.

MNDY has been the topic of several other research reports. UBS Group cut their price target on shares of monday.com from $93.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Tigress Financial decreased their price objective on shares of monday.com to $165.00 and set a "buy" rating for the company in a research note on Friday, May 22nd. Cantor Fitzgerald downgraded shares of monday.com from an "overweight" rating to a "neutral" rating and set a $90.00 price objective on the stock. in a report on Monday. Zacks Research lowered shares of monday.com from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 1st. Finally, Wolfe Research cut shares of monday.com from an "outperform" rating to a "peer perform" rating in a report on Tuesday. Fifteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $125.17.

monday.com Stock Performance

NASDAQ:MNDY opened at $88.62 on Monday. The firm has a 50-day simple moving average of $80.61 and a 200-day simple moving average of $79.34. The firm has a market cap of $4.53 billion, a P/E ratio of 38.53, a P/E/G ratio of 4.66 and a beta of 1.24. monday.com has a one year low of $57.50 and a one year high of $220.80.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.14 by $0.34. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same period in the prior year, the firm posted $1.09 earnings per share. The company's quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts predict that monday.com will post 1.59 EPS for the current fiscal year.

Institutional Trading of monday.com

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares during the last quarter. American Century Companies Inc. boosted its position in monday.com by 75.3% during the second quarter. American Century Companies Inc. now owns 4,192 shares of the company's stock worth $1,318,000 after acquiring an additional 1,801 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company's stock valued at $47,000 after acquiring an additional 65 shares in the last quarter. Cerity Partners LLC raised its holdings in monday.com by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 2,596 shares of the company's stock valued at $816,000 after acquiring an additional 580 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in monday.com in the 2nd quarter worth approximately $398,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting monday.com

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

• Positive Sentiment: monday.com reported second-quarter adjusted earnings of $1.48 per share, well above the $1.14 analyst consensus, while revenue of $364.6 million exceeded expectations of $355.6 million. Revenue increased 21.9% year over year, and the company highlighted continued progress in artificial-intelligence products. Monday.com Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The earnings presentation and call emphasized monday.com’s AI Work Platform and enterprise strategy, potentially supporting longer-term growth if the investments translate into stronger adoption and monetization. monday.com 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Piper Sandler reaffirmed its Neutral rating and set a $90 price target, while Capital One downgraded the shares from Overweight to Equal Weight but assigned a $95 target. These actions suggest limited near-term conviction despite targets above the referenced share price. Piper Sandler Rating Update
• Negative Sentiment: Third-quarter revenue guidance of $368 million to $370 million implies 16%–17% growth and fell short of the roughly $372.8 million consensus. The softer outlook overshadowed the earnings beat and raised concerns about slowing growth. monday.com Stock Drops as Weak Q3 Outlook Overshadows AI Progress
• Negative Sentiment: Investors also reacted to monday.com’s major restructuring, including a reported 20% workforce reduction, or approximately 630 positions, as the company reallocates resources toward AI and enterprise customers. The transition creates execution and disruption risks, while full-year revenue guidance was reportedly reaffirmed rather than raised. monday.com Slides as Earnings Beat Is Overshadowed by Soft Q3 Outlook

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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