Monday.com Ltd. (NASDAQ:MNDY) is one of the best NASDAQ stocks to buy in 2026. On December 23, Citi lowered the firm’s price target on Monday.com to $293 from $319 with a Buy rating on the shares. This sentiment came as Citi updated its application software models and noted a demand environment that is stable yet remains uncertain.
Earlier on December 16, BTIG initiated coverage of Monday.com with a Buy rating and $210 price target. The firm highlighted that Monday.com is successfully evolving beyond its origins as a pure-play work management provider. BTIG estimates that the company’s new product suite now generates ~$133 million in ARR (accounting for 10% of the total) and is expanding at an 84% year-over-year rate. The firm also noted that Monday.com Ltd. (NASDAQ:MNDY) is accelerating its go-to-market strategy by using this multi-product growth to move further upmarket. By focusing on larger enterprise clients and high customer retention, the company is positioning itself for a broader market presence.
On December 10, Tigress Financial raised the firm’s price target on Monday.com to $310 from $295 with a Buy rating on the shares. The firm argued that Monday.com is solidifying its role as an AI-native Work OS leader, supporting one of the most compelling combinations of growth and profitability in the SaaS sector. The firm also suggested that the market’s recent reaction to revised sales expectations has opened a significant buying opportunity for investors.
Monday.com Ltd. (NASDAQ:MNDY), together with its subsidiaries, develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
