monday.com (NASDAQ:MNDY) Price Target Cut to $120.00 by Analysts at Wells Fargo & Company

monday.com (NASDAQ:MNDY) had its price objective dropped by analysts at Wells Fargo & Company from $130.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 35.41% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Citigroup reduced their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Tigress Financial cut their target price on shares of monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Piper Sandler restated a “neutral” rating and set a $90.00 price objective on shares of monday.com in a research report on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Fifteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.75.

monday.com Stock Performance

MNDY opened at $88.62 on Tuesday. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $220.80. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 4.66 and a beta of 1.24. The firm’s fifty day moving average is $80.61 and its 200 day moving average is $79.34.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data 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 return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. On average, equities research analysts predict that monday.com will post 1.59 earnings per share for the current year.

Institutional Trading of monday.com

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings 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 period. Advisory Services Network LLC bought a new stake in shares of monday.com in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after acquiring an additional 65 shares in the last quarter. Quarry LP purchased a new stake in shares of monday.com during the 4th quarter valued at $29,000. Finally, Huntington National Bank grew its stake in shares of monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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, above the $1.14 consensus estimate, while revenue of $364.6 million exceeded expectations of $355.6 million and increased approximately 22% year over year. Monday.com Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: BTIG Research reaffirmed its “buy” rating and set a $105 price target, implying meaningful upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: Piper Sandler maintained a “neutral” rating with a $90 price target, while Capital One downgraded the stock from “overweight” to “equal weight” but retained a $95 target. Analyst rating coverage
• Negative Sentiment: Third-quarter revenue guidance of $368 million to $370 million was below the $372.8 million consensus estimate and implies growth of roughly 16% to 17%. The outlook, combined with unchanged full-year guidance, raised concerns about slowing growth despite the quarterly beat. Monday.com stock outlook and AI progress
• Negative Sentiment: The company’s transition toward its AI Work Platform and enterprise customers includes a reported workforce reduction of approximately 20%, or 630 employees. Investors may view the restructuring as evidence of execution risk and near-term disruption, even as AI adoption remains a potential long-term growth driver. Monday.com earnings, outlook and restructuring analysis

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.