Piper Sandler Lowers Monday.com (MNDY) PT to $275, Cites Lower FY29 Growth Assumptions

Monday.com Ltd. (NASDAQ:MNDY) is one of the best enterprise software stocks to buy according to analysts. On September 18, Piper Sandler lowered the firm’s price target on Monday.com to $275 from $300, while keeping an Overweight rating on the shares. Monday.com remains one of the firm’s top growth stocks on its coverage list.

Earlier for Q2 2025, Monday.com reported a total revenue of $299 million, which showed a strong year-over-year growth of 27%. The company’s Net Income for Q2 was $58.3 million, which translated to a Diluted Net Income Per Share of $1.09 based on 53.3 million shares. The company also showed significant positive momentum, particularly in its upmarket strategy and product adoption.

The enterprise segment was highlighted as the fastest-growing segment and achieved a record number of net new customers paying over $100K annually. Furthermore, the company’s multi-product strategy saw the Monday CRM platform reach $100 million in ARR. Customer adoption of AI capabilities accelerated, with users performing 46 million AI-driven actions since the feature’s launch.

Monday.com Ltd. (NASDAQ:MNDY) develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally. The company provides Work Operating System, which is a cloud-based visual work OS used to create software applications and work management tools.

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