BofA downgraded Monday.com from Buy to Neutral and lowered the price target to $205 from $240. Search engine optimization-driven website visits to Monday.com fell an average 23.5% year-over-year in Q2 and declined 25.3% in July, according to Similarweb. If July traffic trends persist, the company could face material self-serve pressures in the second half and in 2026. Recent share pressure coexists with fundamental challenges and a potentially gnawing AI search disruption bear narrative. Those combined factors leave the risk/reward profile balanced despite recent stock weakness.
As previously reported, BofA downgraded Monday.com () to Neutral from Buy with a price target of $205, down from $240. Search engine optimization driven website visits to Monday.com sank by an average of 23.5% year-over-year in Q2 and declines accelerated to 25.3% in July, according to Similarweb data, reports the analyst. If July traffic trends were to persist, the company could face material self-serve pressures in the second half and 2026,
in Q2 and declines accelerated to 25.3% in July, according to Similarweb data, reports the analyst. If July traffic trends were to persist, the company could face material self-serve pressures in the second half and 2026, the analyst tells investors. Despite recent pressure on shares, the firm concludes that fundamental challenges and "a potentially gnawing AI search disruption bear narrative"
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