Jefferies Lowers Monday.com (MNDY) PT to $330, Cites Revenue Raise, AI Fears

Monday.com Ltd. (NASDAQ:MNDY) is one of the best upside stocks to invest in now. On August 12, Jefferies analyst Brent Thill lowered the firm’s price target on Monday.com to $330 from $360, while keeping a Buy rating on the shares. Although the company’s Q2 2025 results were robust, the analyst’s sentiment was driven by the small FY25 revenue raise and AI fears.

Monday.com reported a strong 27% year-over-year revenue increase in Q2, which reached $299 million. The company’s non-GAAP operating income also grew to $45.1 million, up from $38.4 million in the same quarter of the previous year. Additionally, net cash from operating activities increased to $66.8 million from $55.8 million year-over-year.

Jefferies Lowers Monday.com (MNDY) PT to $330, Cites Revenue Raise, AI Fears

Software engineers collaborating on a project while seated in a shared workspace.

Monday CRM product reached $100 million in Annual Recurring Revenue/ARR within 3 years of its launch. The company also introduced new AI-powered features, including Monday Magic, Monday Vibe, and Monday Sidekick. For Q3, Monday.com expects total revenue to be between $311 and $313 million, with a non-GAAP operating income projected to be between $34 and $36 million.

Monday.com Ltd. (NASDAQ:MNDY) develops software applications internationally. The company provides Work Operating System/OS, which is 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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNDY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.