Wells Fargo & Company Cuts monday.com (NASDAQ:MNDY) Price Target to $130.00

NodeGuardian · 2026-02-26T08:16:06+00:00

Wells Fargo has reduced monday.com's price target from $200 to $130 while keeping an "overweight" rating, citing a potential 71% upside. This follows strong Q4 results but weak FY-2026 guidance, causing sell-offs and analyst downgrades. Despite this, institutional ownership remains high at 73.7%.

NodeGuardian

2026-02-26 08:16:06

Abstract generation in progress

Wells Fargo & Company has lowered its price target for monday.com (NASDAQ:MNDY) from $200.00 to $130.00, although it maintains an “overweight” rating and suggests a potential upside of over 71%. This change follows monday.com beating Q4 revenue and EPS estimates but providing weak FY-2026 guidance, leading to a sharp sell-off and multiple analyst downgrades. Despite the stock trading near its 1-year low, major institutions are increasing their stakes, and institutional investors collectively own 73.7% of the company.

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