The Week

Monday.com (MNDY) fell 1.97% this week to close at $85.13, trailing the S&P 500 by about 1.89 percentage points. The week featured a sharp fade after an early spike: Monday opened strong and closed at $96.105 after touching $97.04, and Tuesday printed the week’s high at $98.62. But the next three sessions slid lower, with Friday’s selling pushing the stock to $84.9 before a slight bounce, leaving weekly amplitude at 15.24%. Weekly volume of roughly 6.0 million shares was only 3.24% above the 60-day median, so turnover was not markedly elevated.

Key Events

The main story this week was a mood swing across AI software names. On Tuesday, 15 September, the AI-slowdown debate lifted software stocks broadly, and MNDY jumped 10.7% in that session. Cross-sector reports on the same day described a mixed micro picture for US equities: consumer demand look pressured while some infrastructure spending expanded, and growth-software names saw a short-lived bout of buying interest amid that split. By Saturday, 19 September, reports of ZoomInfo, monday.com, Asure Software, DigitalOcean and Amplitude shares falling signalled that the AI theme was broadening into a sell-off. That same day, Wall Street Zen upgraded monday.com to ‘buy’. There were no material company-level filings during the week, so the action was driven mostly by sector sentiment and the rating change.

Analyst Ratings

Among the 25 firms covering Monday.com, 11 rate it a strong buy, 5 a buy and 9 a hold, with zero sell or underweight ratings. The consensus recommendation stands at ‘buy’, and the consensus target price of $109 sits about 28.04% above the latest close of $85.13. The distribution between buy-side and hold-side views is wide, but the balance leans to the upside.

The Week Ahead

The macro calendar is fairly busy next week. The US Richmond Fed composite index lands on Tuesday (prior 4), EIA weekly crude inventories on Wednesday, and on Thursday initial jobless claims (prior 196), current account balance and new home sales annualised will print. Those figures will shape how the market prices the Fed’s next move and could keep steering risk appetite for AI software. There is no company-specific earnings event on the calendar, so the focus remains on how macro sentiment feeds into the software sector.

In Short

This week set up a clear tension for MNDY. Brokers still lean constructive: the consensus rating is buy and the consensus target of $109 is roughly 28% above spot, while valuation sits at 35.9x P/E and 7.05x P/B. Yet price action turned lower for three straight sessions, and the latest session’s large-lot flow pointed to net selling as AI software names shifted from an early spike to a broad retreat. The question going forward is whether software can find fresh buying support as the macro data arrives.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.