KeyBanc Reiterates Overweight on monday.com (MNDY), Sets $330 Price Target

Core Insights - monday.com Ltd. (NASDAQ:MNDY) is recognized as one of the AI stocks making significant movements on Wall Street, with an Overweight rating and a price target of $330.00 set by KeyBanc analyst Jackson Ader following the company's investor day at the Elevate Conference in New York [1][2] Financial Projections - The company has set a 2027 revenue target of $1.8 billion, which is below prior expectations, leading to a reduction in revenue estimates for the next couple of years [2][3] - The 2027 revenue target is framed as a base case by management and does not include contributions from upcoming AI products, which may provide additional upside in the future [2][3] Product Development - The investor day highlighted key takeaways regarding product developments, although these were overshadowed by the announcement of the 2027 revenue target [3] - monday.com develops software applications globally, offering a cloud-based Work OS for creating work management tools [3]