monday.com Ltd. Investors Have Opportunity to Lead Securities Fraud Class Action Lawsuit - Contact Kessler Topaz Meltzer & Check, LLP

Core Viewpoint - A securities fraud class action lawsuit has been filed against monday.com Ltd (NASDAQ: MNDY) for allegedly making materially false and misleading statements regarding its business operations and growth prospects during the class period from September 17, 2025, to February 6, 2026 [2][4]. Group 1: Lawsuit Details - 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.) [2]. - Investors have until May 11, 2026, to file for lead plaintiff status [2][6]. - The key allegations include misrepresentations about new customer growth, inadequate AI investments, and misleading statements regarding the company's business outlook [4][6]. Group 2: Financial Impact - On February 9, 2026, monday.com announced a rescission of its $1.8 billion revenue target for 2027, indicating a significant deceleration in top-line growth for 2026 [5]. - Following this announcement, monday.com's stock price dropped by $20.37, or 20.8%, closing at $77.63 per share [5]. Group 3: Investor Actions - Investors may seek to be appointed as lead plaintiff representatives through Kessler Topaz Meltzer & Check, LLP or other counsel by the deadline [6][7]. - Investors are encouraged to contact KTMC for a free case evaluation, with all representation on a contingency fee basis [3][7].