What Does UBS Think About monday.com (MNDY) After Its Mixed Quarter?
Key takeaways
- What Does UBS Think About monday.com (MNDY) After Its Mixed Quarter?
- Mc Ginnis made the call soon after monday.com reported its Q1 2026 earnings on May 11.
- Part of that uncertainty stems from monday.com’s own forward guidance, which anticipates Q2 FY2026 revenue to range from $354 million to $356 million.
What Does UBS Think About monday.com (MNDY) After Its Mixed Quarter? Abdul Rahman Sun, May 17, 2026 at 1:03 AM GMT+7 2 min read MNDY monday.com Ltd. (NASDAQ:MNDY) is one of the best Middle East and Africa stocks to buy according to hedge funds. On May 12, UBS analyst Taylor Mc Ginnis lowered his price target on monday.com Ltd. (NASDAQ:MNDY) from $93 to $85, while keeping a Neutral rating on the stock. The analyst cited uncertainty over the company’s outlook for the rest of fiscal year 2026.
Mc Ginnis made the call soon after monday.com reported its Q1 2026 earnings on May 11. In the earnings report, monday.com said quarterly revenue reached $351.3 million, up 24% year over year and exceeding the consensus estimate of $346 million. McGinnis acknowledged that the Q1 performance was healthy, but argued that too much uncertainty surrounds the company’s near-term trajectory to justify a more optimistic stance on the stock.
Part of that uncertainty stems from monday.com’s own forward guidance, which anticipates Q2 FY2026 revenue to range from $354 million to $356 million. This guidance implies a year over year growth range of 18%-19%, which, to McGinnis, is a notable slowdown from Q1’s 24% pace.