monday.com (MNDY) Stock Forecast & Price Target

Monday.com Ltd has demonstrated robust financial performance, with total revenue reaching $333.9 million and exceeding guidance by 1.5%. The company has also achieved significant growth in its enterprise segment, with customers generating $100K or more in Annual Recurring Revenue (ARR) increasing by 45.5% and total enterprise customers growing to 1,756, marking the largest quarterly addition in three years. New products have contributed positively, with their share of total ARR rising to 10.7%, while New ARR grew by an estimated 11%, indicating strong adoption and expansion within the platform.

Monday.com Ltd experienced a decline in its Non-GAAP operating margin, which fell 240 basis points year-over-year to 12.6%, attributed partly to foreign exchange headwinds. The company's fiscal year 2026 revenue guidance of $1.457 billion, reflecting an 18-19% growth, was below consensus expectations of $1.475 billion and fell short of previous forecasts, indicating a deteriorating outlook. Additionally, the continuing reduction in the self-serve motion, as evidenced by a drop in gross added annual recurring revenue (ARR) and the net dollar retention rate declining to 110%, suggests challenges in maintaining growth momentum, further contributing to a negative outlook for the stock.