Canaccord Resets 2026 Growth Expectations For Monday.com Ltd. (MNDY) Ahead of Earnings

We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. Monday.com Ltd. holds fourth position on our list of best Strong Buy stocks.

TheFly reported on February 5 that Canaccord lowered its price target on MNDY to $190 from $230 and maintained a Buy rating. The firm updated its model ahead of upcoming earnings and also noted that management may guide lower for 2026 to reset growth expectations. The firm advised investors to wait for the guidance before making any decisions.

Earlier, on February 3, Baird also lowered its price target on Monday.com Ltd. (NASDAQ:MNDY) to $175 from $210 and maintained an Outperform rating. The firm updated its model ahead of the company’s earnings report, reflecting a reset of expectations being priced before the release.

Canaccord Resets 2026 Growth Expectations For Monday.com Ltd. (MNDY) Ahead of Earnings

Separately, on February 9, MNDY saw its shares drop roughly 21% on Monday following the release of weak guidance amid growing concerns that artificial intelligence could disrupt traditional software business models. Analysts had predicted $343 million in revenue for the upcoming quarter, but the business only projected $338 to $340 million. MNDY now projects sales for the entire year between $1.452 billion and $1.462 billion, which is less than the $1.48 billion consensus projection.

Monday.com Ltd. (NASDAQ:MNDY) is an Israeli cloud‑based work operating system that provides customizable project and workflow management, collaboration, and productivity software for teams, helping plan, track, and automate work across functions with AI‑enhanced tools.

While we acknowledge the risk and potential of MNDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MNDY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.