BTIG Research Reiterates “Buy” Rating for monday.com (NASDAQ:MNDY)

monday.com (NASDAQ:MNDY)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $105.00 target price on the stock. BTIG Research’s price objective points to a potential upside of 18.48% from the company’s previous close.

MNDY has been the topic of a number of other reports. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. UBS Group cut their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Barclays lifted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Oppenheimer set a $115.00 target price on shares of monday.com in a report on Monday, May 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $90.00 price target on shares of monday.com in a research note on Monday. Fifteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.17.

monday.com Stock Down 4.8%

MNDY stock opened at $88.62 on Monday. monday.com has a 52-week low of $57.50 and a 52-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 business has a fifty day moving average of $80.61 and a two-hundred day moving average of $79.34.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.34. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. During the same period in the previous year, the firm earned $1.09 EPS. monday.com’s revenue was up 21.9% on a year-over-year basis. As a group, sell-side analysts anticipate that monday.com will post 1.59 EPS for the current year.

Hedge Funds Weigh In On monday.com

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC purchased a new position in monday.com during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the period. Quarry LP acquired a new position in monday.com during the fourth quarter worth approximately $29,000. Finally, Huntington National Bank boosted its holdings in shares of monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after acquiring an additional 302 shares during the period. Institutional investors and hedge funds 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, well above the $1.14 analyst consensus, while revenue of $364.6 million exceeded expectations of $355.6 million. Revenue increased 21.9% year over year, and the company highlighted continued progress in artificial-intelligence products. Monday.com Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The earnings presentation and call emphasized monday.com’s AI Work Platform and enterprise strategy, potentially supporting longer-term growth if the investments translate into stronger adoption and monetization. monday.com 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Piper Sandler reaffirmed its Neutral rating and set a $90 price target, while Capital One downgraded the shares from Overweight to Equal Weight but assigned a $95 target. These actions suggest limited near-term conviction despite targets above the referenced share price. Piper Sandler Rating Update
• Negative Sentiment: Third-quarter revenue guidance of $368 million to $370 million implies 16%–17% growth and fell short of the roughly $372.8 million consensus. The softer outlook overshadowed the earnings beat and raised concerns about slowing growth. monday.com Stock Drops as Weak Q3 Outlook Overshadows AI Progress
• Negative Sentiment: Investors also reacted to monday.com’s major restructuring, including a reported 20% workforce reduction, or approximately 630 positions, as the company reallocates resources toward AI and enterprise customers. The transition creates execution and disruption risks, while full-year revenue guidance was reportedly reaffirmed rather than raised. monday.com Slides as Earnings Beat Is Overshadowed by Soft Q3 Outlook

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.