Monday.com Price Targets Slashed to $140 and $170 by UBS, Piper Sandler
UBS lowered its price target on Monday.com to $140 from $200, while Piper Sandler cut its target to $170 from $250. A Citi analyst maintained a Buy rating but lowered his target to $230 from $293, citing a significant valuation discount and expected guidance cuts.
1. Analyst Price Target Reductions
On February 2, UBS lowered its Monday.com price target to $140 from $200 and Piper Sandler cut its target to $170 from $250, reflecting concerns over valuation and near-term growth headwinds.
2. Citi Maintains Buy Rating
Citi analyst Steve Enders retained a Buy rating but trimmed his price target to $230 from $293, citing a significant valuation discount and expected cuts to guidance for 2026.
3. Market Implications and Outlook
The stock’s steep discount to peers could present upside if expectations reset, although reduced guidance and uncertainty around 2026 estimates may pressure near-term performance while long-term AI capabilities remain a potential catalyst.