Analysts Cautious On Monday.com (MNDY) Ahead Of Earnings, But Upside Potential Is Huge

Monday.com Ltd. (NASDAQ:MNDY) is one of the 12 tech stocks with the biggest upside potential. Josh Baer, an analyst at Morgan Stanley, lowered the firm’s price target for monday.com Ltd. (NASDAQ:MNDY) from $236 to $200 while maintaining a Buy rating on January 27. The firm’s price target implies a further 74.88% upside from the current levels. Morgan Stanley is adopting a cautious tone heading into the company’s fourth-quarter earnings report, as it expects Monday.com to post a modest revenue beat of approximately 2%. On top of that, fiscal 2026 guidance is expected to come in below Wall Street expectations, calling for around 18.5% year-over-year growth.

Even with this cautious short-term outlook, the firm believes the initial fiscal 2026 revenue outlook in the 18%-19% range could serve as a clearing event for the stock. In a note to investors, the analyst said that the firm anticipates top-of-funnel trends to improve over the course of FY2026, along with continued momentum in multi-product adoption and sustained strength in the upmarket segment.

Barclays analyst Raimo Lenschow also maintained his Buy rating, along with the price target of $194 for the shares on January 23. The firm’s price target offers a further 70.18% upside from the current levels.

monday.com Ltd. (NASDAQ:MNDY) develops software applications across the United States, the Middle East, Europe, the United Kingdom, Africa, and internationally.S. The company serves educational or government institutions, distinct business units of an organization, and organizations. The company went public in 2021.

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.