Monday.com Delivers Record Q1 Revenue Beat, Analysts Highlight AI Ramp
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Monday.com reported a record Q1 revenue of $351 million, beating expectations by $12 million, but shares fell 2.47% to $75.01 due to concerns over low sequential growth and declining net dollar retention expected in 2026. Analysts maintained Buy ratings, with BTIG lowering the price target from $135 to $115, while DA Davidson noted broad demand and AI contributions. The company is transitioning to an AI work platform and has launched a new pricing structure. Q2 revenue guidance is $355 million, slightly above expectations, with a raised 2026 revenue forecast to $1.47 billion.
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