In a report released today, Scott Berg from Needham maintained a Buy rating on Monday.com, with a price target of $125.00.
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Scott Berg has given his Buy rating due to a combination of factors including Monday.com’s resilient performance in its core enterprise segments and a view that current expectations now look conservative. While the company’s initial fiscal 2026 revenue outlook came in below prior consensus and management withdrew longer‑term targets, he sees the weaker guidance as largely reflecting temporary pressure in its small‑business, low‑touch channel and currency headwinds tied to Israeli‑based costs.
Despite these issues, Berg notes that larger‑customer, up‑market adoption remains solid, providing a more dependable growth engine that supports the revised outlook and suggests revenue expectations are now de‑risked. With the stock selling off sharply on the guidance reset, he believes the risk‑reward has improved, as the market appears to overreact to near‑term uncertainties while underappreciating the durability of Monday.com’s enterprise momentum and its path to profitable expansion.
According to TipRanks, Berg is an analyst with an average return of -7.9% and a 36.00% success rate. Berg covers the Technology sector, focusing on stocks such as Workday, Paylocity, and Five9.
In another report released today, Oppenheimer also maintained a Buy rating on the stock with a $130.00 price target.