Monday.com Faces Downside Amid Revenue Forecast Concerns

2 months ago

Alex Steel

"Monday.com. Yeah, it's lump about 20% uh lowest since November 2023. The ticker is MNDY. Uh, of course, this is one of the pandemic favorites that has been hit pretty hard. Now, uh they've been trying to promote all those AI2s to kind of be off their proposal. Uh but the company posted still better than expected third quarter earnings. The number that is worrying investors is their revenue forecast which is about 330 million. This is lower than what the street was expected and we're seeing that investors have really been punishing this company every time when the outlook has been less than what investors expect. This is what happened in August. And yeah, clearly a pandemic favorite is down 33% year to date. Really big hit."

Monday.com is under pressure despite posting better-than-expected Q3 earnings. The key concern is a revenue forecast of around 330 million, which has disappointed investors and led to a 33% YTD decline. The commentary suggests that even minor shortfalls in outlook trigger significant market penalties for this once-popular pandemic play.

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