monday.com (MNDY) Stock Forecast & Price Target

Monday.com Ltd demonstrates a positive financial outlook through several key metrics. New products now contribute 10.7% of Total ARR, reflecting an increase from 10.2% in the previous quarter, indicative of a growing product portfolio. Additionally, the company experienced substantial growth in enterprise customers, with a 45.5% increase in those generating over $100K in ARR, culminating in a total revenue of $333.9 million that exceeded guidance by 1.5%.

Monday.com Ltd reported a decline in its non-GAAP operating margin, which fell by 240 basis points year-over-year to 12.6%, attributed to foreign exchange headwinds. The company’s FY26 total revenue guidance of $1.452-1.462 billion, representing a growth rate of 18-19%, was below consensus expectations of $1.475 billion, indicating a concerning trend in revenue performance. Additionally, the decrease in key metrics such as net dollar retention, which declined to 110%—the lowest since Q2 2024—further reinforces the negative outlook on the stock as it highlights challenges in customer retention and revenue expansion.