Analyst Matt Bullock from Bank of America Securities reiterated a Hold rating on Monday.com and decreased the price target to $195.00 from $205.00.
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Matt Bullock has given his Hold rating due to a combination of factors impacting Monday.com’s near-term growth prospects. The company reported lower-than-expected revenues for the third quarter of 2025, which led to a decline in share prices. This was primarily due to a narrower revenue beat and a reduction in fourth-quarter guidance, raising concerns about growth sustainability.
Additionally, while there is stabilization in new sign-ups, the shift away from Google to other channels like YouTube and Social has resulted in longer sales cycles and slower revenue conversion. Despite a positive long-term outlook and a strong financial profile, the tempered expectations for AI monetization and potential growing pains from evolving market strategies make the risk and reward balanced. Therefore, the Hold rating reflects a cautious stance amid these uncertainties.