Major Stocks Including Monday.Com, Metsera, and Profrac Holding Decline in Pre-Market Trading on Monday
U.S. Stock Futures: U.S. stock futures rose this morning, with Nasdaq futures increasing by approximately 1.5% on Monday.
Monday.Com Earnings: Shares of Monday.Com Ltd fell 2.6% in pre-market trading ahead of its quarterly earnings report, with analysts expecting earnings of 88 cents per share and revenue of $312.26 million.
Other Stocks Declining: Several stocks experienced declines in pre-market trading, including Metsera Inc, which dropped 15% after Pfizer's $10 billion acquisition deal, and Ionis Pharmaceuticals, which fell 11.5% following disappointing study results.
Market Overview: Other notable declines included Oscar Health Inc down 5.4%, Centene Corp down 4.8%, and Profrac Holding Corp down 2.8%, reflecting a generally negative trend among various stocks.
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Morgan Stanley Lowers monday.com Price Target Ahead of Earnings
- Price Target Adjustment: Morgan Stanley lowered monday.com's price target from $236 to $200, maintaining an Overweight rating while expressing caution ahead of the upcoming Q4 results, expecting a ~2% revenue beat but a below-consensus FY26 growth guidance of 18.5%.
- Execution Stability: Analyst Josh Baer noted that the company's execution remains “solid,” with expectations reset lower after Q3, although weakness in paid search and down-market suggests new sign-ups occurred at the end of the quarter.
- Market Trend Improvement: Should this stabilization continue into Q4, it could support a clearer narrative compared to the previous two quarters, with optimism regarding the company's sustained strength in multi-product and upmarket segments.
- Customer Structure Shift: With multi-product customers now accounting for over 10% of annual recurring revenue, Baer believes this shift supports the transition towards larger, stickier customers, enhancing broader product adoption and durability.

Salesforce CEO Marc Benioff Warns of AI Threats as Stock Drops 14%
- Market Decline: The WisdomTree Cloud Computing Fund has dropped over 8% this year, with major software firms like Salesforce, ServiceNow, and Adobe seeing stock declines exceeding 14%, indicating heightened market concerns that could trigger a wave of acquisitions.
- AI Competitive Pressure: The launch of Anthropic's AI tool Cowork aimed at enterprise customers has shaken investor confidence in software vendors, raising fears that AI could replace critical functions traditionally handled by software, prompting mid-sized firms to seek financing options to navigate these challenges.
- Acquisition Opportunities: Thoma Bravo co-founder Orlando Bravo highlighted that now presents incredible buying opportunities, particularly for companies developing AI solutions that integrate with existing systems, reflecting strong market demand for AI integration.
- Strategic Adjustments: Analyst Rishi Jaluria noted that the recent pullback in software stocks may force certain companies to explore strategic alternatives, especially those lacking effective AI integration, suggesting that future deals will need compelling AI angles to attract investor interest.






