Monday.com Price Target Slashed 40%, Stock Down 34% YTD on Sales Delays
Shares of monday.com have dropped 34% year-to-date as DA Davidson trimmed its FY26 estimates and cut its price target to $150 from $250 while retaining a Buy rating. The analyst cited prolonged sales cycles and weaker Service product adoption despite high customer satisfaction with the core Work OS.
1. Analyst Price Target Revision
DA Davidson lowered its monday.com price target to $150 from $250 while maintaining a Buy rating, reflecting a 40% reduction even as it remains constructive on the stock’s long-term prospects.
2. Sales Cycle Challenges
The firm trimmed FY26 revenue and earnings estimates due to extended sales cycles that are delaying deal closures, a factor contributing to the stock’s 34% year-to-date decline.
3. Product Adoption and Customer Feedback
Recent checks indicated slower uptake of the new Service product, though customers continue to rate the core Work OS solution very positively and are not seeking custom alternatives.