Update shared on 23 Nov 2025
Fair value Decreased 12%The average analyst price target for monday.com was reduced from approximately $266 to $235 per share. Analysts cited soft bookings, cautious revenue outlooks, and top-of-funnel headwinds. Despite these concerns, they remained optimistic about the company's upmarket momentum and long-term multi-product opportunities.
Analyst Commentary
Analyst reactions to monday.com's latest financial results have been mixed, with both upbeat and cautious perspectives shaping the consensus price targets. The following summarizes the prevailing themes from recent Street research.
Bullish Takeaways- Bullish analysts highlight sustained upmarket momentum, with accelerating growth in larger customer segments and higher-value contract signings.
- There is encouragement around the company's multi-product strategy, seen as a driver for future growth and increased wallet share among existing customers.
- Positive trends in bookings and notable upticks in key revenue and retention metrics signal confidence in medium- to long-term prospects.
- Some raised price targets in response to progress on new product launches and a robust FY27 revenue guide, demonstrating trust in management's execution capabilities.
- Bearish analysts point to headwinds in the small business segment and choppiness in down-market performance, with softer net new customer additions weighing on short-term outlooks.
- Cautious guidance for the upcoming fiscal year and a lack of raised revenue targets for FY25 failed to meet market expectations, putting pressure on share performance.
- Elongating sales cycles and macro uncertainty are cited as key risks, potentially impacting booking consistency and conversion rates.
- Concerns remain over Monday.com's ability to fully offset top-of-funnel challenges and Google search trends, which could delay the realization of its ambitious long-term revenue goals.
What's in the News
- Issued earnings guidance for Q4 2025, projecting total revenue of $328 million to $330 million, and for the full year 2025, revenue of $1,226 million to $1,228 million, representing approximately 26% year-over-year growth (Key Developments).
- Announced new product innovations at its Elevate customer conference, including the launch of monday agents, fully available AI-powered features such as monday magic, monday vibe, and monday sidekick, and expanded enterprise platform capabilities (Key Developments).
- Launched monday campaigns, a new AI-driven product within the monday CRM suite, to streamline marketing and sales alignment and provide deeper project visibility for enterprise customers (Key Developments).
- Announced a share repurchase program, authorizing the buyback of up to $870 million worth of ordinary shares (Key Developments).
- Hosted an Analyst/Investor Day event to engage with the investor community (Key Developments).
Valuation Changes
- Consensus Analyst Price Target decreased from $266.33 to $234.58 per share, reflecting a notable reduction in perceived fair value.
- Discount Rate edged down slightly from 10.68% to 10.62%.
- Revenue Growth expectation was lowered from 21.52% to 20.52%.
- Net Profit Margin increased from 10.22% to 10.69%.
- Future P/E ratio declined significantly from 100.24x to 78.56x.
Disclaimer
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