Jefferies Lowers Monday.com (MNDY) PT to $330, Cites Revenue Raise, AI Fears

Monday.com Ltd. (NASDAQ:MNDY) is one of the best upside stocks to invest in now. On August 12, Jefferies analyst Brent Thill lowered the firm’s price target on Monday.com to $330 from $360, while keeping a Buy rating on the shares. Although the company’s Q2 2025 results were robust, the analyst’s sentiment was driven by the small FY25 revenue raise and AI fears.

Monday.com reported a strong 27% year-over-year revenue increase in Q2, which reached $299 million. The company’s non-GAAP operating income also grew to $45.1 million, up from $38.4 million in the same quarter of the previous year. Additionally, net cash from operating activities increased to $66.8 million from $55.8 million year-over-year.

Monday CRM product reached $100 million in Annual Recurring Revenue/ARR within 3 years of its launch. The company also introduced new AI-powered features, including Monday Magic, Monday Vibe, and Monday Sidekick. For Q3, Monday.com expects total revenue to be between $311 and $313 million, with a non-GAAP operating income projected to be between $34 and $36 million.

Monday.com Ltd. (NASDAQ:MNDY) develops software applications internationally. The company provides Work Operating System/OS, which is a cloud-based visual work OS that consists of modular building blocks used and assembled to create software applications and work management tools.

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Disclosure: None. This article is originally published at Insider Monkey.