Is Monday Stock Going to $128?

By John Ballard – Mar 12, 2026 at 7:35AM ESTKey PointsMonday.com’s stock price has fallen significantly from its peak, and it's currently trading around $80.Despite the decline, most Wall Street analysts still rate the stock a “buy,” with an average price target of $128.Monday.com reported strong growth last quarter, but management expressed caution when discussing its outlook.Year to date, shares of Monday.com (MNDY 2.00%) have fallen 46% to around $80 at the time of writing. The stock traded near $300 in July. But concerns that artificial intelligence (AI) agents could make it easier for companies to build their own internal workflow automation tools have pushed investors to rein in their growth expectations. So is the sell-off justified?

Most Wall Street analysts still rate the stock a buy, with an average near-term price target of $128, according to Yahoo! Finance. Let's take a closer look at Monday.com's business to see whether the stock is worth buying on the dip. Image source: Getty Images. Fourth-quarter earnings gave investors mixed signals Monday.com reported strong results for 2025. Full-year revenue grew 27% year over year to $1.23 billion, and fourth-quarter revenue didn't show any meaningful weakening, with the top line increasing 25% over the year-ago quarter. The company is not having trouble signing new enterprise deals. Importantly, it is seeing strong momentum among its largest clients. The number of paid customers with more than $500,000 in annualized recurring revenue (ARR) grew 74% year over year -- more than twice the rate of growth of customers with over $50,000 in ARR. Management noted strong demand for its new AI products. Monday Vibe is the company's fastest-growing product, hitting $1 million in ARR. AI Agents, which is in beta, is also seeing strong customer interest. This shows that Monday could be positioned to benefit from the growing demand for agentic AI, rather than being replaced by it. ExpandNASDAQ: MNDYMonday.comToday's Change(-2.00%) $-1.55Current Price$76.05Key Data PointsMarket Cap$3.9BDay's Range$73.80 - $78.8952wk Range$68.68 - $316.98Volume15Avg Vol2.4MGross Margin89.20% However, where the story falls apart is its forward guidance. Monday.com has consistently posted year-over-year quarterly revenue growth of more than 20% as a public company. But revenue is expected to decelerate to 18% to 19% in 2026. More concerning is that management shied away from discussing their previous 2027 revenue target of reaching $1.8 billion. CFO Eliran Glazer cited the "evolving nature of the AI landscape and the choppiness in the no-touch demand environment," which puts a cloud of uncertainty over Monday.com's prospects. Should you buy the stock? A few years ago, Monday.com looked like a solid long-term growth story in workflow management software. But, as management acknowledged, AI is rapidly changing the competitive landscape. Enterprise demand is still strong, but small-business momentum appears to be the weak spot. Monday.com's recent performance is consistent with The Motley Fool's research, which shows that AI adoption has been strongest among larger companies. It's tempting to look at the stock as undervalued. It's currently trading at just 2.3 times forward sales estimates -- down from a 3-year average multiple of 8.3. But it's difficult to call the stock a genuine bargain in an "evolving AI landscape" with soft forward guidance. It's tempting to bargain-hunt after the fall, but these aren't the stable growth signals that would cause me to buy this stock right now. I wouldn't expect this stock to rebound to $100 anytime soon, let alone the average price target of $128. The software stocks I would focus on for potential buys are those that reported strong demand last quarter and still maintain a stable growth outlook for 2026.Read NextMar 3, 2026 •By Jeremy BowmanWhy Monday.com Stock Lost 37% in FebruaryFeb 21, 2026 •By Will HealyWhetstone Dumps 79,000 monday.com Shares Worth $15.3 MillionFeb 17, 2026 •By Motley Fool StaffAI Capital Expenditure (Capex) Is Off the Charts: Who Stands to Lose?Feb 12, 2026 •By Anders BylundWhy Monday.com Stock is Down 25% This WeekFeb 12, 2026 •By Timothy GreenThe Vibe Coding Tool That's Growing Faster Than Anything Monday.com Has Ever BuiltFeb 9, 2026 •By Jeremy BowmanWhy Monday.com Stock Was Tumbling TodayAbout the AuthorJohn Ballard has been a contributing writer at The Motley Fool since 2016, covering consumer goods and technology stocks. He holds a bachelor’s degree in business administration with a focus in real estate finance from the University of Arkansas at Little Rock.TMFRazorbackStocks MentionedMonday.comNASDAQ: MNDY$76.05(-2.00%)-$1.55*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.