monday.com Ltd. (NASDAQ:MNDY) is one of the Best Mid Cap Tech Stocks to Buy According to Analysts. On November 10, monday.com Ltd. (NASDAQ:MNDY) released results for its fiscal Q3 2025. The revenue grew 26.24% year-over-year to $316.86 million, surpassing estimates by $4.59 million and the EPS of $1.16 topped estimates by $0.28.
The fiscal Q3 results exceeded expectations, driven by a 26% year-over-year revenue growth. However, management’s fiscal Q4 revenue guidance of $328 million and $330 million fell short of the analysts’ consensus of $333.79 million. As a result, several Wall Street analysts lowered their price targets on the stock, while maintaining a positive outlook.
For instance, on November 10, Derrick Wood from TD Cowen reduced the firm’s price target on monday.com Ltd. (NASDAQ:MNDY) to $250 from $290, while maintaining a Buy rating. He noted that the company delivered strong momentum during the quarter, supported by growth in RPO bookings, new customers, and a rising number of paid customers with more than $100,000 in ARR. Wood acknowledged near-term challenges from AI-search affecting the market but believes the company can offset these challenges by strategic investments in other lead generation channels.
On the same day, Brian Schwartz from Oppenheimer also lowered the firm’s price target from $300 to $200 but reiterated a Buy rating on the stock.
monday.com Ltd. (NASDAQ:MNDY) provides a cloud-based Work Operating System that helps teams manage projects, workflows, and collaboration across various business functions, including but not limited to CRM, marketing, and IT.
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.