Shares of Monday.com Ltd (NASDAQ:MNDY) tanked in early trading on Tuesday, after the company Monday reported its first-quarter results.

Here are the key analyst insights:

BTIG analyst Allan Verkhovski maintained a Buy rating, while lowering the price target from $135 to $115.

DA Davidson analyst Lucky Schreiner reaffirmed a Buy rating on the stock.

Check out other analyst stock ratings.

BTIG: Monday.com's total revenues grew 24.5% year-on-year to $351 million. This marked a record revenue beat of $12 million, Verkhovski said in a note. Despite the strong revenue beat, the shares sharply declined, likely due to "underlying noise in the forward-looking metrics," he added.

Management expects NDR (net dollar retention) to decline in 2026. Second-quarter revenue guidance implies only modest sequential growth of 1.1%. Compare that to 1.5% in the first quarter and 3.8% in the second quarter ...