Key Stats for Monday.com Stock
- Price change for Monday.com stock In 2026 (YTD): -38%
- $MNDY Stock Price as of Aug. 10: $89
- 52-Week High: $221
- $MNDY Stock Price Target: $109
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What Happened?
Monday.com (MNDY) stock fell 5% today after the company’s Q3 guidance came in below Wall Street’s expectations.
The work management software company sees Q3 2026 revenue landing between $368 million and $370 million, short of the $372.8 million analysts had penciled in. That guidance miss overshadowed an otherwise strong Q2.
Monday.com actually beat expectations across the board.
- Earnings per share came in at $1.48, well above the $1.11 estimate.
- Revenue also topped forecasts, hitting $364.6 million versus the $355.59 million consensus.
- Full-year guidance told a similar story. Monday.com expects fiscal 2026 revenue of $1.47 billion, essentially in line with analyst expectations rather than beating them.
The company has been going through major changes recently. It cut its global workforce by about 20% in July as part of a broader shift toward building AI-powered tools that work alongside employees rather than just software that helps manage tasks.
Management said the move was difficult but necessary, with most of the cost savings expected to be reinvested into talent, product development, and AI.
Despite the guidance disappointment, some underlying numbers looked encouraging.
Net additions of customers paying more than $100,000 and $500,000 annually hit record levels during the quarter, showing continued strength in landing bigger clients.
AI-related annual recurring revenue also doubled from the previous quarter, now making up 17% of new revenue added.
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What the Market Is Telling Us About Monday.com Stock
The drop in Monday.com stock shows investors are more focused on where the business is headed than where it’s been.
A solid earnings beat wasn’t enough to offset guidance that fell short of expectations, especially during a period when the company is going through a major restructuring.
Management has been upfront that this is a transition period. They chose not to raise full year guidance despite the Q2 beat, citing near-term uncertainty from the workforce reduction and the ongoing shift toward AI products.
That cautious approach makes sense given the scale of change underway, but it also means the market is left waiting to see whether the AI pivot pays off the way leadership expects.
Even with the post-earnings pullback, it’s worth noting Monday.com stock is still up nearly 20% over the past three months, though it remains down more than 45% over the past year.
That gap highlights just how much ground the stock has had to make up, and why investors are watching closely for signs the company’s AI strategy can translate into steadier growth ahead.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
