Monday.com price target lowered to $275 from $300 at Piper Sandler

Piper Sandler lowered the firm’s price target on Monday.com (MNDY) to $275 from $300 and keeps an Overweight rating on the shares. The firm notes the company remains one of the marquee growth stocks on its coverage list with several multiproduct cross-sell upside levers that could sustain 20%-plus top-line growth and 25%-plus free cash flow margins. The formal 2027 target of $1.8B is just 2% below Piper’s estimate, but reflects a conservative starting point for a proven high-growth plus high-margin model with a solid track record of execution.