Monday.com Cuts Outlook as Shares Tumble and Wall Street Resets Targets
Analysts flag slower sales cycles, with customers still rating the core platform highly.
Overview
- Management guided the upcoming quarter to $338–$340 million in revenue versus roughly $343 million expected by analysts.
- Full‑year sales were projected at $1.452–$1.462 billion, below the approximately $1.48 billion consensus.
- The stock fell about 21% on Feb. 9 following the weaker outlook and is reported down 34% year to date.
- DA Davidson cut its price target to $150 and kept a Buy rating, while Canaccord moved to $190 (Buy) and Baird to $175 (Outperform).
- Recent notes cite longer sales cycles and softer checks on newer products such as Service, even as satisfaction with monday.com's core work‑management offering remains strong.