Monday.com price target lowered to $300 from $350 at Oppenheimer

Oppenheimer analyst Ittai Kidron lowered the firm’s price target on Monday.com (MNDY) to $300 from $350 and keeps an Outperform rating on the shares. The firm notes Monday.com delivered solid results, though Q2 revenue upside didn’t fully flow through to Q3/2025 guidance as management accommodates current market trends. Positively, enterprise/upmarket momentum remains strong with steady expansion. However, overall NDRR ticked down, low touch/SMB customers showed some weakness, and CRM/Dev net adds moderated somewhat. The lack of upside to guidance is weighing on investor sentiment, especially as management adjusts to changes impacting performance marketing driven pipeline generation/ customer acquisition. Given management’s track-record/execution, Oppenheimer is comfortable the needed adjustments will be made, especially considering Monday.com’s growing enterprise/up-market focus.