Monday.com is trading 4.8% down at $90.69 on November 3, 2026, after TD Cowen downgraded it from Buy to Hold.
- TD Cowen lowered its price target to $105 from $110, citing customer-acquisition headwinds, AI competition, and a shift toward larger customers.
- The downgrade was reported before the market opened and was the clearest company-specific catalyst; provided indices were mixed. Third-quarter results are scheduled for November 9, not yet a reported earnings catalyst.