moneyheap
MNDY · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is monday.com Ltd. Ordinary Shares (MNDY) stock moving?
MNDY closed at 76.38 on Nov 10, down about 28% from the 106.86 close on Oct 22 and at its lowest point in the 30-day window. The decline accelerated after Q3 results on Nov 9, when the stock fell 9.1% to 79.93 on 3.14M shares, the highest volume in the window and roughly two to three times the typical daily level. Q3 was a clear beat, with revenue of $377.5M against $369.2M expected and adjusted EPS of $2.14 against $1.37, and FY2026 sales guidance was nudged up to $1.473B-$1.475B. The market focused on Q4 revenue guidance of $380M-$382M, which sat below the $385.7M consensus and signaled slowing growth. Following the report, Canaccord downgraded the stock to Hold with a $90 target, and at least ten other brokers lowered their targets, ranging from $84 at JP Morgan to $127 at Citigroup. Most ratings were kept at Buy/Overweight or Neutral/Hold, so the coverage consensus has reset lower rather than broken. The stock has now fallen on steady volume for two weeks and closed at a new low on Nov 10 on 1.45M shares, so near-term sentiment is weak. Medium-term direction depends on whether growth stabilizes after the guidance reset.
News behind the analysis
- monday.com Reports Third Quarter 2026 Financial ResultsQ3 2026 revenue of $377.5M and adjusted EPS of $2.14 both beat analyst expectations. The company also raised its FY2026 sales guidance to $1.473B-$1.475B.
- Monday.com Warns Growth Will Slow, Stock FallsShares fell after a weak Q4 revenue outlook overshadowed the strong Q3 beats. The stock closed down 9.1% on Nov 9 on 3.14M shares.
- Monday.Com Sees Q4 Sales $380.000M-$382.000M vs $385.665M EstFourth-quarter sales guidance of $380M-$382M sits below the $385.7M analyst estimate. This is the main driver of the post-earnings selloff.
- Monday.Com Raises FY2026 Sales Guidance from $1.466B-$1.474B to $1.473B-$1.475B vs $1.471B EstFull-year 2026 sales guidance was narrowed upward and sits slightly above the $1.471B consensus. This partly offsets the weaker Q4 outlook.
- Monday.Com Q3 Adj. EPS $2.14 Beats $1.37 Estimate, Sales $377.535M Beat $369.169M EstimateThird-quarter adjusted EPS and revenue both beat consensus by a clear margin. The beat was strong but did not offset the guidance reaction.
- Canaccord Genuity Downgrades Monday.Com to Hold, Lowers Price Target to $90Canaccord cut its rating to Hold and set a $90 price target after the Q3 report. This is one of the more consequential post-earnings rating changes.
- Citigroup Maintains Buy on Monday.Com, Lowers Price Target to $127Citi kept its Buy rating but lowered its price target to $127 after the earnings report. It is the highest target among the updates.
- JP Morgan Maintains Neutral on Monday.Com, Lowers Price Target to $84JP Morgan kept a Neutral rating and cut its price target to $84. This is the lowest target among the major brokers' updates.
- Morgan Stanley Maintains Overweight on Monday.Com, Lowers Price Target to $109Morgan Stanley kept its Overweight rating and lowered its price target to $109. The update reflects the post-earnings reset rather than a rating change.
- UBS Adjusts Monday.com Price Target to $90 from $95, Maintains Neutral RatingUBS lowered its price target to $90 from $95 and kept a Neutral rating after the quarterly report. Needham also updated its rating in the same wave of revisions.
About monday.com Ltd. Ordinary Shares
monday.com is an Israel-founded software company, also based in New York, that sells a cloud-based "work OS". Teams use it to plan projects, track tasks and run workflows, and it also offers CRM, software-development and service-desk products. It is known for a flexible no-code platform that spreads from small teams to whole enterprises, and it is now putting AI agents and usage-based AI pricing into the product.
How it makes money
Almost all of its revenue comes from subscriptions, mostly charged per user ("seat") on monthly or annual plans across its Work Management, CRM, Dev and Service products. AI features are a newer source of revenue that is still small but growing. Revenue was roughly $365M in Q2 2026, up about 22% year over year, and management guided to about $1.47B for full-year 2026. Gross margins are very high, at about 89%.
What usually moves MNDY
- Revenue growth and seat expansion, especially with large enterprise customers
- Monetization of AI agents and usage-based pricing
- Business software spending and the hiring climate
- Operating margin, free cash flow, cost cuts and share buybacks
- Competitive pressure from AI on seat-based SaaS models