KeyBanc Reiterates Overweight on monday.com (MNDY), Sets $330 Price Target

monday.com Ltd. (NASDAQ:MNDY) is one of the AI Stocks Making Big Moves on Wall Street. On September 18, KeyBanc analyst Jackson Ader reiterated an Overweight rating on the stock with a $330.00 price target. The rating reiteration follows the company’s investor day at its Elevate Conference in New York.

The firm discussed how Monday.com set a 2027 revenue target of $1.8B, below prior expectations. This is why it is lowering its revenue estimates for the next couple of years. However, the target doesn’t include AI products contributions, which may add upside later.

“Today we attended monday.com’s investor day at its Elevate Conference in New York. There were a couple of key takeaways from the product side, but in fairness, these were completely trumped by the 2027 revenue target set at $1.8B. The target, framed as a base case by management, is below estimates entering today. No need to hide it, we are lowering our revenue estimates for the next couple years, but it is worth noting that the target excludes contributions from AI products like Vibe and Agents that are either coming soon or launched but far too early to build into revenue targets.”

monday.com Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools.

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