What Does UBS Think About monday.com (MNDY) After Its Mixed Quarter?

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McGinnis made the telephone soon aft monday.com reported its Q1 2026 net connected May 11. In the net report, monday.com said quarterly gross reached $351.3 million, up 24% twelvemonth implicit twelvemonth and exceeding the statement estimation of $346 million. McGinnis acknowledged that the Q1 show was healthy, but argued that excessively overmuch uncertainty surrounds the company’s near-term trajectory to warrant a much optimistic stance connected the stock.

Part of that uncertainty stems from monday.com’s ain guardant guidance, which anticipates Q2 FY2026 gross to scope from $354 cardinal to $356 million. This guidance implies a twelvemonth implicit twelvemonth maturation scope of 18%-19%, which, to McGinnis, is simply a notable slowdown from Q1’s 24% pace.

In the net report, Monday.com flagged overseas speech headwinds that could shave 100-200 ground points disconnected maturation for the remainder of the year. Management besides noted that planned investments successful artificial intelligence, on with imaginable outgo increases, could mean show successful the 2nd fractional of 2026.

monday.com Ltd. (NASDAQ:MNDY) is simply a bundle institution headquartered successful Tel Aviv, Israel. The institution develops cloud-based enactment absorption platforms that assistance businesses negociate projects, workflows, lawsuit relationships, and bundle improvement processes.

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