Monday.com (MNDY) PT Lowered to $125 by TD Cowen Following Q2 Results, AI Search Disruption

Monday.com Ltd. (NASDAQ:MNDY) is one of the most undervalued mid cap stocks to buy now. On February 10, TD Cowen lowered its price target on Monday.com to $125 from $200 with a Buy rating. The firm noted that Q2 results were below expectations due to disruption in paid search channels from AI search, though it highlighted that upmarket momentum remains a strong point for the company.

DA Davidson lowered its price target on Monday.com on the same day to $100 from $150 with its Buy rating. The firm noted that the company’s quarterly beat was smaller than usual due to uncertain demand trends within its small and medium-sized business customer base. Consequently, management’s guidance for the upcoming period fell short of consensus analyst expectations.

Cantor Fitzgerald analyst Thomas Blakey also lowered the firm’s price target on Monday.com Ltd. (NASDAQ:MNDY) to $95 from $148 while keeping an Overweight rating. Blakey noted that the company is expected to face reduced forecasts for 2026 and 2027, entering a more stringent ‘show me’ phase. This shift follows management’s signal that it will no longer discuss its previously stated $1.8 billion revenue target for 2027.

Monday.com Ltd. (NASDAQ:MNDY), together with its subsidiaries, develops software applications internationally. The company provides Work OS, a cloud-based visual work OS that consists of modular building blocks used and assembled 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.