monday.com (MNDY) Slumps 34% YTD — Analyst Sees “Straightforward Buy”

Core Insights - monday.com Ltd. (NASDAQ:MNDY) is recognized as one of the 10 trending AI stocks, with analysts maintaining a positive outlook despite a reduced price target [1] - DA Davidson analyst Lucky Schreiner has lowered the price target for MNDY from $250.00 to $150.00 while keeping a "Buy" rating, highlighting a disconnect between market pessimism and strong customer satisfaction [1][2] - The firm is adjusting its FY26 estimates due to longer sales cycles and less favorable customer feedback regarding new products, although core product satisfaction remains high [2] Company Performance - Shares of monday.com have declined by 34% year-to-date, driven by concerns that the company may not experience future growth [3] - Despite the decline, the analyst views the current situation as a "straightforward BUY," indicating confidence in the company's potential [3] Product and Market Position - monday.com develops cloud-based software applications for work management, offering a Work OS that facilitates the creation of management tools [3] - Customer interest in building custom solutions as alternatives to monday.com's core product is low, suggesting strong loyalty to the existing offerings [2]