Piper Sandler Reiterates Neutral Rating for monday.com (NASDAQ:MNDY)

monday.com (NASDAQ:MNDY)‘s stock had its “neutral” rating restated by equities research analysts at Piper Sandler in a research note issued to investors on Monday,Benzinga reports. They currently have a $90.00 price target on the stock. Piper Sandler’s price target would indicate a potential upside of 2.53% from the stock’s previous close.

Several other equities research analysts have also weighed in on MNDY. Zacks Research lowered shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. BTIG Research cut their price target on shares of monday.com from $115.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Oppenheimer set a $115.00 price target on shares of monday.com in a research report on Monday, May 11th. Canaccord Genuity Group decreased their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.46.

monday.com Price Performance

Shares of monday.com stock traded down $5.35 during midday trading on Monday, hitting $87.78. 3,832,728 shares of the company were exchanged, compared to its average volume of 1,998,004. The firm has a 50 day simple moving average of $80.75 and a 200-day simple moving average of $79.61. The firm has a market cap of $4.49 billion, a P/E ratio of 38.27, a PEG ratio of 4.66 and a beta of 1.24. monday.com has a 52 week low of $57.50 and a 52 week high of $220.80.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $364.62 million for the quarter, compared to analysts’ expectations of $355.55 million. During the same period in the prior year, the business posted $1.09 earnings per share. The business’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts expect that monday.com will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC bought a new position in monday.com in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the last quarter. Quarry LP acquired a new position in monday.com during the 4th quarter worth $29,000. Finally, Huntington National Bank lifted its holdings in monday.com by 6,040.0% during the 4th quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after buying an additional 302 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Key monday.com News

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

• Positive Sentiment: monday.com reported second-quarter adjusted EPS of $1.48, well above the $1.11–$1.14 analyst consensus, while revenue of $364.62 million also exceeded expectations of approximately $355.55 million. Revenue increased 21.9% year over year, and profitability improved. Monday.com Q2 earnings report
• Positive Sentiment: Management is repositioning the business around its AI Work Platform and larger enterprise customers, a strategy that could support longer-term growth and operating efficiency. monday.com Q2 earnings call transcript
• Neutral Sentiment: The company forecast third-quarter revenue of $368 million to $370 million, implying year-over-year growth of 16% to 17%, and reaffirmed its full-year 2026 revenue outlook rather than raising it after the quarterly beat. monday.com revenue outlook report
• Negative Sentiment: Third-quarter revenue guidance was below Wall Street’s consensus estimate of approximately $372.8 million. The implied slowdown in growth overshadowed the earnings beat and prompted investors to lower near-term expectations. monday.com Q3 outlook report
• Negative Sentiment: The planned restructuring includes a workforce reduction of roughly 20%, or about 630 employees, as monday.com shifts resources toward AI. While potentially beneficial over time, the move introduces execution and disruption risks and reinforces concerns about slowing growth. monday.com AI restructuring report

About monday.com

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.