Monday.com price target lowered to $250 from $275 at Piper Sandler

Piper Sandler analyst Brent Bracelin lowered the firm’s price target on Monday.com (MNDY) to $250 from $275 and keeps an Overweight rating on the shares. The firm says investors were spooked by a slimmer beat coupled with a minimal raise to the 2025 midpoint guide that implies Q4 growth of 23% year-over-year at the midpoint, sparking a 12% selloff. While macro headwinds, paid search pressure, and longer sales cycles could drive near-term volatility, Piper remains encouraged by growing upmarket momentum, cross-sell opportunity, new product innovation, and GTM focus led by CRO Casey George.