Monday.com price target lowered to $250 from $275 at DA Davidson

DA Davidson lowered the firm’s price target on Monday.com (MNDY) to $250 from $275 but keeps a Buy rating on the shares. The company reported a lower than typical beat, driven primarily by longer sales cycles and macro uncertainty resulting in guidance that came in below expectations, though the management remains confident in the FY27 revenue guide for $1.8B and was notably positive about its move upmarket, better than expected AI adoption, and multi-product opportunity, the analyst tells investors in a research note.