TLDR: Baird has upgraded monday.com’s stock (MNDY) from ‘Neutral’ to ‘Outperform’ and increased its price target to $310, driven by the company’s leadership in collaborative work management software and its significant potential in generative AI. This upgrade led to a 3% rise in MNDY shares, with analysts projecting substantial upside.
Investment firm Baird has significantly raised its outlook on monday.com (NASDAQ: MNDY), upgrading the collaborative work management software provider’s stock from a ‘Neutral’ to an ‘Outperform’ rating. This decision, announced on August 6, 2025, underscores Baird’s confidence in monday.com’s market position and, notably, its strong potential to capitalize on advancements in generative artificial intelligence.
Following the upgrade, Baird analyst Rob Oliver increased the price target for MNDY shares to $310, up from the previous $280. This positive revision reflects an increased belief in the company’s future performance. The market reacted favorably to the news, with monday.com shares climbing approximately 3% in early Wednesday trading.
Beyond Baird’s specific target, a broader consensus among 22 analysts indicates an average one-year price target for MNDY around $350.92 to $357.94. Forecasts range from a low of $280 to a high of $472.50, suggesting a considerable upside potential of 36.99% to 43.20% from its recent trading prices, which hovered between $249.96 and $257.15.
Other prominent firms have also weighed in on monday.com’s prospects. Piper Sandler reiterated an ‘Overweight’ rating with a $325 price target on June 27, 2025. Morgan Stanley initiated coverage with an ‘Equal-Weight’ rating and a $330 target on June 17, 2025. Wells Fargo maintained an ‘Overweight’ rating, adjusting its price target to $365 from $335 on June 13, 2025, and previously to $335 from $310 on May 13, 2025. Loop Capital, while maintaining a ‘Buy’ rating, slightly lowered its target to $375 from $385 on May 13, 2025.
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Institutional interest in monday.com also appears robust. A total of 895 funds or institutions reported positions in the company, marking an increase of 52 owners, or 6.17%, in the last quarter. The average portfolio weight dedicated to MNDY by these funds rose by 2.50%, and total shares owned by institutions increased by 1.53% to 50,912K shares. The put/call ratio of 0.76 further indicates a generally bullish outlook among investors. Key institutional holders include Wcm Investment Management, Sonnipe, Price T Rowe Associates, and Jpmorgan Chase, among others, with significant stakes in the company.
