Monday.com
+16%
est. 2Y upside i
Work management platform for teams to plan track and manage projects
Rank
#3435
Sector
Software Development Applications
Est. Liquidity
~0Y
Data Quality
Data: HighMonday.com presents a moderate upside opportunity over a two-year horizon, with an expected return of 16%.
Last updated: March 10, 2026
Monday.com successfully leverages its Work OS to capture significant market share in adjacent segments like CRM and DevOps, accelerating revenue growth to ~30% YoY and improving GAAP profitability. This performance, coupled with a rebound in software multiples, drives its valuation to $8.0B by 2028, representing a 100% upside.
Monday.com maintains its position in the core work management market, growing revenue at ~19-20% YoY, in line with its FY2026 guidance, to approximately $1.7B by 2028. Despite ongoing competitive pressures and some margin compression, its valuation multiple remains around 3.3x-3.5x, leading to a valuation of approximately $5.6B, representing a 40% upside.
Increased competition from incumbents like Atlassian and Microsoft, combined with persistent pressure on GAAP profitability and gross margins, causes growth to decelerate further to ~15% YoY and the valuation multiple to contract to 2.0x. This results in a valuation of approximately $2.6B by 2028, representing a ~35% downside.
Preference Stack Risk
moderateFunding Intensity
6%In a liquidation event, $235 million in investor preferences would be paid out before common shareholders.
Dilution Risk
lowAs a public company, dilution primarily comes from ongoing employee equity grants and potential future secondary offerings, which is generally lower than for private companies.
Secondary Liquidity
activeShares are actively traded on NASDAQ, providing immediate liquidity for vested equity.
Questions to Ask at the Interview
Strategic questions based on Monday.com's data — designed to show you've done your homework.
- 1
“How is Monday.com planning to differentiate its Work OS and specialized products (CRM, DevOps, ITSM) against dominant incumbents like Atlassian, Microsoft, and Google, especially given the increasing concerns around AI disruption in the software sector?”
- 2
“With the FY2026 revenue growth guidance at 18-19% and expected margin compression, what are the key strategies to re-accelerate growth and improve GAAP profitability over the next two years?”
- 3
“Given the current stock performance near 52-week lows and the analyst consensus price target implying significant upside, how does the company view its current valuation, and what are the internal expectations for long-term shareholder value creation for employees?”
Community
Valuation Sentiment
Our model estimates +16% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.