What Happened?
Shares of work management platform monday.com (NASDAQ: MNDY) jumped 4.3% in the afternoon session after positive analyst ratings affirmed confidence in the company's outlook.
BTIG analyst Allan Verkhovski reiterated a 'Buy' rating and maintained a price target of $210. In a similar show of support, Jefferies analyst Brent Thill also maintained a 'Buy' rating on the stock with a price target of $260 per share. The positive sentiment appeared widespread, as reports indicated that all eight Top Analysts covering the stock in the previous three months had rated it a 'Buy'. A broader consensus from 22 analysts also supported a 'Buy' rating for the company, reflecting strong confidence from market watchers.
After the initial pop the shares cooled down to $134.30, up 3.3% from previous close.
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What Is The Market Telling Us
monday.com’s shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was about 23 hours ago when the stock dropped 5.6% on the news that tech stocks pulled back as reports surfaced that Chinese customs authorities blocked Nvidia's H200 AI chips, effectively halting their entry despite recent U.S. export approvals.
This semiconductor sell-off, led by Broadcom and Micron, reflected deepening fears that the "AI trade" was colliding with a protectionist "new normal." Investors were concerned about the prospect of a fragmented global order where tech giants are caught between Washington's industrial strategy and Beijing's push for semiconductor sovereignty. Broadening the risk, markets were also agitated about the Justice Department's investigation into Fed Chair Jerome Powell, sparking concerns over central bank independence. This domestic political friction, paired with rising oil prices from Iranian civil unrest, likely forced a pivot from growth to defense.
monday.com is down 6.4% since the beginning of the year, and at $134.30 per share, it is trading 59% below its 52-week high of $327.92 from February 2025. Investors who bought $1,000 worth of monday.com’s shares at the IPO in June 2021 would now be looking at an investment worth $750.83.
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