Monday.com (NASDAQ:MNDY) Maintains "Buy" Rating Despite AI Concerns

• Jefferies maintains a "Buy" rating for Monday.com (NASDAQ:MNDY) but lowers the price target from $360 to $330.
• Concerns over AI disrupting the software industry have led to Monday.com's worst trading day, with a significant drop of 29.80%.
• Despite market challenges and AI concerns, Jefferies' outlook suggests optimism for Monday.com's ability to adapt and maintain its competitive edge.

Monday.com (NASDAQ:MNDY) is a work operating system that enables teams to run projects and workflows with confidence. It competes with other software firms like Asana and Trello in providing project management solutions.

On August 11, 2025, Jefferies maintained its "Buy" rating for MNDY, even though it lowered the price target from $360 to $330. At that time, MNDY was trading at $174.13. This decision reflects Jefferies' confidence in the company's long-term potential despite short-term challenges.

Brent Thill from Jefferies discussed on 'Fast Money' the factors behind Monday.com's worst trading day ever. Concerns about artificial intelligence (AI) disrupting the software industry have led to significant market reactions. Investors worry that AI could impact companies like Monday.com, causing apprehension about its future.

MNDY's stock has seen a significant decrease of 29.80%, dropping $73.91. The stock's price today ranges between $173.20 and $189.36. Over the past year, it reached a high of $342.64 and a low of $173.20. The company's market capitalization is approximately $8.84 billion, with a trading volume of 8,985,756 shares.

Despite the challenges, Jefferies' "Buy" rating suggests optimism for MNDY's future. The company's ability to adapt to AI advancements and maintain its competitive edge in the software industry will be crucial. Investors will be watching closely to see how Monday.com navigates these industry changes.