Loop Capital downgrades Monday.com on lack of catalysts

Loop Capital downgraded Monday.com (MNDY) to Hold from Buy with a price target of $80, down from $195. The company reported a “fine, but not great” quarter amid moderating upmarket momentum and slower than anticipated adoption of newer products, the analyst tells investors in a research note. The firm says Monday.com’s 2026 guidance came in meaningfully below consensus. Both the company’s operating and free cash flow margins are set to step down as 2026 shifts to an investment year, contends Loop. As such, the firm sees no near- to medium-term catalysts to drive the shares higher.