monday.com(US:MNDY) Businesswire·2026-03-10 20:54Core Viewpoint - A class action lawsuit has been filed against monday.com Ltd. for allegedly misleading investors about its business prospects, particularly regarding revenue growth and customer acquisition [1]. Group 1: Allegations and Company Performance - The lawsuit claims that monday.com Ltd. misrepresented its revenue outlook and growth potential, suggesting strong performance driven by AI investments and enterprise adoption, while in reality, customer growth was slowing and sales cycles were lengthening [1]. - The company set a revenue target of $1.8 billion for 2027, which is now considered increasingly unlikely to be achieved due to the aforementioned issues [1]. - On February 9, 2026, the company reported positive fourth-quarter results but provided a weaker outlook for 2026, leading to a significant stock price drop from $98.00 to $77.63, a decline of approximately 21% [1]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased monday.com Ltd. stock between September 17, 2025, and February 6, 2026, may be eligible to participate in the class action [1]. - Shareholders interested in serving as lead plaintiffs are encouraged to contact Robbins LLP, which is handling the case on a contingency fee basis, meaning no upfront costs for shareholders [1].