Monday.com price target lowered to $180 from $250 at Guggenheim

Guggenheim lowered the firm’s price target on Monday.com (MNDY) to $180 from $250 and keeps a Buy rating on the shares. Monday shares were down over 10% on margin guidance that was below expectations, before gapping down another 10% on the earnings call when management pulled the FY27 targets that were given at the recent September analyst day, the analyst noted. While “it’s easy to assume the worst, especially for a horizontal app vendor that seems ripe for AI disruption,” Q4 performance “paints a brighter picture” and the firm wouldn’t be surprised to see an enterprise bundle in the future that should be appealing to customers, says the analyst, who adds “it’s way too early to count them out.”