monday.com Ltd. (MNDY) Class Action Lawsuit: Investors Face May 11, 2026, Deadline

Core Viewpoint - A securities fraud class action lawsuit has been filed against monday.com Ltd. for allegedly making materially false and misleading statements regarding its business operations and growth prospects during the specified class period [1][3][6]. Group 1: Lawsuit Details - The class action lawsuit is filed on behalf of investors who purchased monday.com common stock between September 17, 2025, and February 6, 2026 [1][6]. - Investors have until May 11, 2026, to file for lead plaintiff status [1][5][6]. - The lawsuit is filed in the United States District Court for the Southern District of New York, under the case caption Potter v. monday.com Ltd., Case No. 26-cv-01956 (S.D.N.Y.) [1]. Group 2: Allegations - The complaint alleges that defendants made materially false and misleading statements and failed to disclose material facts about the company's business, operations, and prospects [3]. - Specific allegations include: (1) deceleration in new customer growth and weak expansion within existing accounts; (2) inadequacy of monday.com's AI investments as long-term growth drivers; (3) resulting misstatements about the company's business and prospects [3]. Group 3: Stock Performance - On February 9, 2026, monday.com announced a rescission of its $1.8 billion revenue target for 2027 and guided for a significant deceleration in top-line growth for 2026 [4]. - Following this announcement, monday.com's stock price dropped by $20.37, or 20.8%, closing at $77.63 per share [4].