monday.com(US:MNDY) Yahoo Finance·2026-01-08 14:12Company Overview - Monday.com Ltd. (NASDAQ:MNDY) develops software applications across various regions including the US, Europe, the Middle East, Africa, and the UK [4] Analyst Ratings and Price Targets - Jefferies lowered its price target for Monday.com to $260 from $300 while maintaining a Buy rating, emphasizing the need for the software industry to demonstrate growth and acceleration in the context of AI monetization by 2026 [1] - Citi also reduced its price target for Monday.com to $293 from $319, keeping a Buy rating, and noted a stable yet cautious demand environment following the reopening of the US government [2] - BTIG initiated coverage with a Buy rating and a price target of $210, highlighting the company's evolution beyond work management and a significant year-over-year growth rate of 84% in new product annual recurring revenue (ARR) [3] Market Trends and Company Strategy - The software industry is expected to focus on the monetization of AI in 2026, with Jefferies suggesting a selective investment approach to address investor concerns about AI disrupting traditional software [1] - Monday.com is expanding its product offerings and moving upmarket to larger enterprises, which is contributing to strong customer retention [3]