Why Analysts Are Rethinking Monday.com’s Growth Story After New Products and Analyst Updates

Monday.com's stock narrative has been shaped by a series of recent analyst updates. The fair value target remains at $266.33 per share, and the discount rate has seen only a minor adjustment. These changes reflect a careful balancing of optimism about the company’s long-term trajectory and caution over emerging growth headwinds in the near term. Stay tuned to learn how you can track important valuation developments as Monday.com’s story continues to unfold.

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What Wall Street Has Been Saying

Analyst commentary on Monday.com reflects a dynamic mix of optimism and caution, with recent reports capturing shifting sentiment following both product innovation and macro-level headwinds.

🐂 Bullish Takeaways

Several firms, including Citi and Jefferies, maintain a Buy rating on Monday.com and express confidence in its long-term growth trajectory. Citi recently raised its price target to $332 as it rolled forward expectations to 2027 and expressed encouragement over recent product announcements. Piper Sandler and DA Davidson emphasize Monday.com's multiproduct cross-sell potential and its ability to sustain 20%+ top-line growth and 25%+ free cash flow margins. They cite a proven high-growth, high-margin model and a solid execution track record. Goldman Sachs remains positive despite lowering its target to $270. The company is highlighted as a growth leader, and execution on new channels and product launches continues to be a strength. BofA, while lowering its target to $240, states that self-serve headwinds are already priced in and maintains a constructive outlook on the company’s fundamentals. Barclays, KeyBanc, and Oppenheimer also continue to see "industry-leading" growth drivers in Monday.com's new products, upmarket momentum, and enterprise expansion. Price targets generally remain above $250. Reservations among these analysts include near-term pressures on small business demand and some moderation in core ARR growth, as noted by Piper Sandler and Oppenheimer.

🐻 Bearish Takeaways

BofA issued a downgrade to Neutral with a price target drop to $205, citing significant declines in website traffic due to SEO challenges. The analyst warns that these trends could create material headwinds for Monday.com’s self-serve channels in the near-to-medium term. Goldman Sachs raised concern over slowing growth in customer acquisition and new product adoption, noting these could impact both the short- and long-term growth profile. Piper Sandler acknowledged that while the fundamentals are strong, growth below 30% in the recent quarter and signs of slowing in core ARR could weigh on valuation and investor sentiment. Some analysts highlight risks related to AI-driven search changes and performance marketing challenges, and suggest there is uncertainty around small business demand and customer pipeline generation.

Story Continues

Overall, while the consensus skews optimistic on Monday.com's structural growth opportunities and management execution, recent price target cuts and bear notes signal caution around digital demand shifts and the company’s ability to fully offset channel and macro pressures in the near term. Valuation remains a focal point as analysts balance robust long-term drivers with more muted short-term execution risk.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!NasdaqGS:MNDY Community Fair Values as at Nov 2025

What's in the News

Monday.com unveiled major product innovations at its Elevate customer conference, introducing monday agents, an AI agent builder. The company also fully launched AI-powered features such as monday magic, monday vibe, and monday sidekick. In addition, monday.com debuted monday campaigns to enhance CRM capabilities for marketing teams. The Board of Directors approved a new share repurchase program, authorizing up to $870 million in stock buybacks. This signals confidence in the company’s long-term value and returns capital to shareholders. Monday.com announced a strategic integration with Proggio, providing users enhanced project portfolio management by making it possible to manage and visualize projects across both platforms through a native connection. Updated corporate guidance for Q3 and full-year 2025 was released, with expectations of 24% to 26% year-over-year revenue growth. This underlines the company’s confidence in sustaining its growth trajectory.

How This Changes the Fair Value For monday.com

Fair Value: Remains unchanged at $266.33 per share, with no adjustment since the previous assessment. Discount Rate: Marginally decreased from 10.70% to 10.68%. Revenue Growth: Holds steady at 21.52% year-over-year, with no change from prior estimates. Net Profit Margin: Remains consistent at 10.22%, reflecting stable margin projections. Future P/E: Declined slightly from 100.29x to 100.24x.

🔔 Never Miss an Update: Follow The Narrative

Narratives are a smarter way to make investment decisions because they reveal the real story behind a company’s numbers. A Narrative connects a company’s business context to future forecasts and fair value, letting investors track both the “why” and the “what” of stock price moves. Narratives update when the facts change and are easy to access on Simply Wall St’s Community, trusted by millions. By comparing Fair Value with today’s Price, Narratives empower you to decide when to act.

Read the original narrative for monday.com to stay ahead of the next move: MNDY: Enterprise Momentum And Buybacks Will Drive Rebound Over Coming Quarters

See how monday.com’s expanding AI and multi-product strategy is driving stronger customer retention, new enterprise wins, and long-term growth potential. Track fair value and future earnings projections as analyst estimates shift with every big product launch or macro change. Understand the key risks and catalysts such as performance marketing, competition, and strategic buybacks that could influence the stock’s next move.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include MNDY.

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