Monday.com price target lowered to $115 from $130 at Oppenheimer

Oppenheimer lowered the firm’s price target on Monday.com (MNDY) to $115 from $130 and keeps an Outperform rating on the shares. The company reported a “beat-and-raise” quarter, the analyst tells investors in a research note. The firm believes Monday.com’s business is off to a good start in 2026 with an improving beat magnitude in Q1 and better sales execution. The company’s AI business continues to grow “robustly though at a small scale,” adds Oppenheimer. It cites software group multiple compression for the target cut.