Piper Sandler has adjusted its price target for Monday.com (MNDY, Financial), lowering it from $385 to $305 while maintaining an Overweight rating. This revision is part of a broader reduction in estimates across the cloud applications and analytics sectors, driven by several challenges impacting growth prospects.
The analysis highlights ongoing obstacles such as tariffs, policy changes, and difficulties in adopting artificial intelligence, which are contributing to a deceleration in industry growth for the fourth consecutive year. Despite the direct impact of tariffs being minimal on software models, the sector is experiencing a decline in investor sentiment.
Valuation multiples in the application software domain have dropped to their lowest in seven years, reflecting these headwinds. The firm notes that while the enthusiasm surrounding AI is waning, the overall market sentiment has been negatively affected, prompting this reassessment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Monday.Com Ltd (MNDY, Financial) is $368.01 with a high estimate of $455.00 and a low estimate of $280.00. The average target implies an upside of 54.84% from the current price of $237.67. More detailed estimate data can be found on the Monday.Com Ltd (MNDY) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Monday.Com Ltd's (MNDY, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Monday.Com Ltd (MNDY, Financial) in one year is $336.52, suggesting a upside of 41.59% from the current price of $237.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Monday.Com Ltd (MNDY) Summary page.
