Piper Sandler Lowers Monday.com (MNDY) PT to $275, Cites Lower FY29 Growth Assumptions

Monday.com Ltd. (NASDAQ:MNDY) is one of the best enterprise software stocks to buy according to analysts. On September 18, Piper Sandler lowered the firm’s price target on Monday.com to $275 from $300, while keeping an Overweight rating on the shares. Monday.com remains one of the firm’s top growth stocks on its coverage list.

Earlier for Q2 2025, Monday.com reported a total revenue of $299 million, which showed a strong year-over-year growth of 27%. The company’s Net Income for Q2 was $58.3 million, which translated to a Diluted Net Income Per Share of $1.09 based on 53.3 million shares. The company also showed significant positive momentum, particularly in its upmarket strategy and product adoption.

The enterprise segment was highlighted as the fastest-growing segment and achieved a record number of net new customers paying over $100K annually. Furthermore, the company’s multi-product strategy saw the Monday CRM platform reach $100 million in ARR. Customer adoption of AI capabilities accelerated, with users performing 46 million AI-driven actions since the feature’s launch.

Monday.com Ltd. (NASDAQ:MNDY) develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally. The company provides Work Operating System, which is a cloud-based visual work OS used to create software applications and work management tools.

While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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