Monday.com price target lowered to $200 from $300 at Oppenheimer

Oppenheimer lowered the firm’s price target on Monday.com (MNDY) to $200 from $300 and keeps an Outperform rating on the shares. The firm views the company’s Q3 report as mixed. Monday.com’s elongating sales cycles from the upmarket sales transition and macro uncertainty are driving soft bookings, the analyst tells investors in a research note. Oppenheimer sees the company’s “inconsistent execution” as feeding the “AI bear narrative on horizontal software companies.” It now sees risk to Monday.com’s 2027 revenue outlook of $1.8B.