Monday.Com Ltd Dossier
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SectorInformation Technology IndustrySoftware - Application Beta (adjusted)1.10 Intrinsic Value $259.85median of 5 methods · middle span $180-$385based on filings through 31 Dec 2025 Market Price $80.31Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 224% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+224%) Data confidence Sign in to view data confidence Market Cap $3.4B Enterprise Value $1.9B Shares Outstanding 42.3M diluted Next Earnings Date9 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary monday.com continues to demonstrate robust execution, transitioning from a collaborative work management tool into a comprehensive AI Work Platform. The company's Q1 2026 results highlight strong upmarket momentum, with high-value customer segments growing rapidly (customers with >$500k ARR grew 74% YoY). The strategic acquisition of OneAI adds critical voice agent capabilities, further solidifying its competitive moat in the low-code/no-code enterprise software space. Despite macroeconomic headwinds affecting SaaS seat expansion, monday.com's multi-product strategy (including CRM and Service) and its newly launched seats-plus-credits consumption pricing model position it well for sustained long-term growth and operating leverage. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$90.00 Mean target$109.00 High · most bullish analyst$165.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $90.0020% Intensifying competition from incumbents and alternative low-code platforms pressures pricing, leading to a contraction in gross margins. Macroeconomic pressures result in corporate IT budget cuts, causing seat contraction and pushing overall NDR below 108%. Integration challenges with OneAI delay the rollout of key voice agent features. Base CaseCentral scenario $109.0050% Matches the consensus meanmonday.com delivers on its FY26 revenue guidance of $1.466B to $1.474B (19% to 20% YoY growth) with non-GAAP operating margins stabilizing around 13%. Net Dollar Retention (NDR) remains stable at 110%, supported by steady upmarket expansion and moderate cross-selling of CRM and dev products. Share buybacks continue to support EPS growth. Bull CaseUpside scenario $165.0030% Rapid adoption of the AI Work Platform and native AI agents drives significant expansion in average contract value (ACV). The seats-plus-credits consumption model accelerates monetization, while the OneAI integration establishes monday.com as the leading voice-enabled Work OS. Enterprise customer growth (> $100k ARR) continues to exceed 35% YoY, pushing operating margins toward 20% ahead of schedule. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |