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Stock impact report

Jefferies Cuts Monday.com (MNDY) PT to $260 Amid Focus on 2026 AI Monetization [Yahoo! Finance]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: Yahoo! Finance
price target on Monday.com to $260 from $300 with a Buy rating on the shares. In a sector outlook note, the firm suggested that 2026 will likely be characterized by the continued monetization of AI. To calm investor fears regarding AI's potential to disrupt traditional software, Jefferies believes that the industry needs to show more growth and acceleration, which will require a more selective investment approach. The firm remains confident that the software layer will eventually capture AI value, but advises patience as sector valuations have already returned to historical averages. On December 23, Citi lowered the firm's price target on Monday.com to $293 from $319 and kept a Buy rating on the shares. After direct consultations with application software management, Citi updated its 2026 financial models and described a stable yet cautious demand environment that found relief in the reopening of the US government. Furthermore, on December 16, BTIG initiated coverage of Monday.com Show less Read more
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