Q3 Financial Performance: monday.com reported a Q3 Non-GAAP EPS of $1.16, exceeding expectations by $0.28, with revenue of $316.9 million, a 26.3% year-over-year increase, also surpassing estimates by $4.64 million.
Customer Growth and Retention: The company saw significant growth in its customer base, with paid customers exceeding 10 users increasing by 7% to 63,075, and net dollar retention rates for larger customers (over $50,000 and $100,000 in ARR) reaching 117%.
Remaining Performance Obligations: Remaining performance obligations (RPO) rose to $747 million, a 36% increase from the previous year, indicating strong future revenue potential.
Financial Outlook for Q4 and Full Year 2025: For Q4 2025, monday.com anticipates revenue between $328 million and $330 million, while for the full year, it expects total revenue of $1,226 million to $1,228 million, reflecting approximately 26% year-over-year growth.
Wall Street analysts forecast MNDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNDY is 235.58 USD with a low forecast of 195.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
Wall Street analysts forecast MNDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNDY is 235.58 USD with a low forecast of 195.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Buy
2 Hold
0 Sell
Strong Buy
Current: 127.680
Low
195.00
Averages
235.58
High
310.00
Current: 127.680
Low
195.00
Averages
235.58
High
310.00
KeyBanc
Overweight
downgrade
$270 -> $220
2026-01-22
New
Reason
KeyBanc
Price Target
$270 -> $220
AI Analysis
2026-01-22
New
downgrade
Overweight
Reason
KeyBanc lowered the firm's price target on Monday.com to $220 from $270 and keeps an Overweight rating on the shares. The firm says Monday.com's upcoming quarter and guidance carry a little more weight than usual. The fourth quarter results and initial full-year guidance cycle are always more important, but this company in particular finds itself in a tough spot and the chatter on the near-term outlook has risen and risen in recent weeks, KeyBanc argues. The firm is hoping this guidance game can be a reset of sorts and we can get back to analyzing fundamental merits, but for now a point of growth here or there is material.
Jefferies
Buy
downgrade
$300 -> $260
2026-01-05
Reason
Jefferies
Price Target
$300 -> $260
2026-01-05
downgrade
Buy
Reason
Jefferies lowered the firm's price target on Monday.com to $260 from $300 and keeps a Buy rating on the shares. The firm believes 2026 will be "another year of gradual AI monetization," but thinks more meaningful growth contribution and acceleration are needed to ease AI disintermediation fears, requiring more selectivity, the analyst tells investors in an outlook note on the software group. "While we remain confident that value will ultimately accrue to the software layer, investors may need to stay patient" with sector valuation back at historical average, the analyst added.
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Citi
Buy
downgrade
$293
2025-12-23
Reason
Citi
Price Target
$293
2025-12-23
downgrade
Buy
Reason
Citi removed Monday.com from the firm's US Focus List after reducing the stock's price target to $293. Citi keeps a Buy rating on the shares. The analyst sees risk of Monday.com's fiscal 2026 outlook coming in below consensus. The firm sees the stock as range-bound in the near-term but continues to like the company's long-term prospects.
BTIG
initiated
$210
2025-12-16
Reason
BTIG
Price Target
$210
2025-12-16
initiated
Reason
BTIG initiated coverage of Monday.com with a Buy rating and $210 price target.
About MNDY
Monday.Com Ltd is an Israel-based company engaged primarily in the software sector. The Company provides cloud-based platform that enables its users to create custom applications and project management software. The platform offers a Work Operating System (Work OS) that provides modular building blocks to create software applications and work management tools. This system is designed to enhance team collaboration and streamline workflows across various business functions, including project management, CRM, marketing, and more. The Company has teams in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Kiev, and Sydney. The Company customize its platform to suit any business vertical and serves customers worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
