DA Davidson Lowers monday.com (MNDY) Target After Google Search Changes Hit Growth

Published 2 months ago Neutral
DA Davidson Lowers monday.com (MNDY) Target After Google Search Changes Hit Growth
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monday.com Ltd. (NASDAQ:MNDY) is one of the AI Stocks Investors Are Watching Closely. On August 12, DA Davidson analyst Lucky Schreiner lowered the price target on the stock to $275.00 (from $325.00) while maintaining a “Buy” rating.

The price target adjustment stems from weakness in net new demand from small anad medium-sized businesses (SMBs) as a result of changes to Google’s Search algorithm that affected customer acquisition.

“Monday.com reported a solid quarter with a slightly lower than typical beat driven primarily by weakness around net new demand from SMBs as a result of changes to Google’s Search algorithm."

monday.com Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools.

While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks Investors Are Watching Closely and 10 AI Stocks Analysts Are Watching Closely.

Disclosure: None.

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