Monday.com’s Price Target Slashed to $190, Sales Guidance Falls Below $1.46B
Canaccord cut Monday.com's 2026 price target to $190 from $230 while maintaining its Buy rating ahead of the earnings report, flagging that management may guide lower to reset growth expectations. Monday.com projected upcoming-quarter sales of $338M–$340M and full-year revenue of $1.452B–$1.462B, below consensus estimates.
1. Canaccord Lowers 2026 Price Target
Canaccord cut Monday.com's 2026 price target to $190 from $230 while maintaining its Buy rating, stating that management may guide lower to reset growth expectations ahead of the upcoming earnings report.
2. Baird Reduces Target to $175, Keeps Outperform Rating
Baird trimmed its price target on Monday.com to $175 from $210 and maintained an Outperform rating, reflecting a similar downward revision in its forecasting model ahead of the company’s earnings announcement.
3. Weaker Revenue Guidance Misses Estimates
Monday.com projected upcoming-quarter sales of $338M–$340M versus analyst expectations of $343M and full-year revenue of $1.452B–$1.462B compared with a $1.48B consensus, triggering a roughly 21% share decline.