Monday.com Analysts Slash Price Targets After 2026 Revenue Rest, 2027 Target Discarded

Shares of Monday.com Ltd (NASDAQ:MNDY) fell despite the company reporting better-than-expected fourth-quarter results.

Here are the key analyst insights:

• BTIG analyst Allan Verkhovski reiterated a Buy rating, while slashing the price target from $210 to $135.
• KeyBanc Capital Markets analyst Jackson Ader maintained an Overweight rating, but reduced the price target from $220 to $140.

Check out other analyst stock ratings.

BTIG: Monday.com reported Q4 revenue of $334 million, representing 24.6% year-on-year growth, representing a beat of $4.9 million, identical to the previous quarter, Verkhovski said. The company's NRR (net recurring revenue), excluding pricing impacts, remained stable in the fourth quarter and is expected to continue at 110% in 2026, he added.

Management's 2026 free cash flow guidance of around $282 million came in below consensus expectations of $384 million, and the outlook includes "a number of impacts including FX, less cash accruing interest from continued share repurchases, potential for cash taxes, etc.," the analyst wrote. The stock came under significant pressure after the earnings release as the company's 2026 revenue guidance of $1.457 billion fell short of expectations, he added.

KeyBanc Capital Markets: Monday.com announced its 2026 revenue guidance at $1,457 million, significantly below consensus of $1,500 million, Ader said. "Monday is also walking away from its FY27 revenue target of $1,800M set just under five months ago at its September Investor Day," he wrote.

EBIT and adjusted free cash flow guidance were set at $170 million and $283 million, respectively, at the midpoint. That’s $49 million and $121 million below consensus estimates at the start of the quarter, respectively. Monday.com is shifting its focus to opportunities that offer higher returns on investment and to enterprise customers for greater growth and better retention.

MNDY Price Action: Shares of Monday.com had declined by 0.41% to $77.31 at the time of publication on Tuesday.

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