Canaccord Resets 2026 Growth Expectations For Monday.com Ltd. (MNDY) Ahead of Earnings

Core Viewpoint - Monday.com Ltd. (MNDY) is facing a reset in growth expectations, with analysts lowering their price targets ahead of earnings due to weak guidance and concerns about AI disruption in traditional software models [1][2]. Group 1: Analyst Ratings and Price Targets - Canaccord lowered its price target on MNDY to $190 from $230 while maintaining a Buy rating, indicating a cautious approach ahead of earnings [1]. - Baird also reduced its price target for MNDY to $175 from $210, keeping an Outperform rating, reflecting a reset of expectations prior to the earnings report [2]. Group 2: Earnings Guidance and Market Reaction - MNDY's shares dropped approximately 21% following the release of weak guidance, with projected revenue for the upcoming quarter falling short of analyst expectations [2]. - The company projected annual sales between $1.452 billion and $1.462 billion, which is below the consensus projection of $1.48 billion [2]. Group 3: Company Overview - Monday.com Ltd. is an Israeli cloud-based work operating system that offers customizable project and workflow management, collaboration, and productivity software, enhanced by AI tools [3].