Monday.com Upgraded to "Outperform" with AI Potential and Price Target Boost to $310.

Baird upgrades monday.com (MNDY) to "Outperform" due to strong leadership in collaborative work management software and AI advancements. Analysts project significant upside potential with price targets reaching up to $450. GuruFocus estimates suggest a promising future for MNDY based on GF Value metrics. The average price target is $352.28, indicating a 36.99% upside from the current price of $257.15.

Baird analyst Rob Oliver has upgraded Monday.com (MNDY) to an "Outperform" rating with a price target of $310. The upgrade reflects the company's strong position in collaborative work management software and its potential to leverage this leadership position to deliver broader value in the rise of generative artificial intelligence. Baird expects another strong quarter for the Israel-based company [1].

In its latest earnings report, Monday.com exceeded expectations with a net revenue increase of 30.2% year-over-year, reporting $282.25 million for the quarter. The company's stock has seen a consensus rating of "Moderate Buy" with an average price target of $348.09, reflecting varying assessments from multiple analysts [1].

Monday.com's software, Work OS, is a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools. The company's success is attributed to its user-friendly interface and comprehensive suite of features, including automations, customizable dashboards, and a library of templates [2].

The upgrade by Baird comes at a time when the company is experiencing significant institutional inflows and outflows. Large investors have been buying and selling shares of the business, with notable purchases by ASR Vermogensbeheer N.V., Summit Securities Group LLC, NewEdge Advisors LLC, Grove Bank & Trust, and Hazlett Burt & Watson Inc. [1].

Institutional investors hold 73.70% of the stock, indicating strong confidence in the company's growth prospects. Monday.com's market capitalization stands at $13.14 billion, with a P/E ratio of 264.00 and a PEG ratio of 90.45. The company's stock has seen a 1-year low of $202.01 and a 1-year high of $342.64 [1].

Despite the positive outlook, investors should remain cautious and conduct thorough due diligence before making investment decisions. The upgrade by Baird is a positive sign, but it is essential to consider the broader market conditions and the company's future growth prospects.

References:
[1] https://www.marketbeat.com/instant-alerts/mondaycom-nasdaqmndy-stock-rating-upgraded-by-baird-r-w-2025-08-07/
[2] https://www.wrike.com/project-management-guide/faq/what-are-project-management-tools/