monday.com Q1 Revenue Rises 24% to $351M, EPS $1.17; Price Target $115
monday.com posted Q1 revenue of $351 million, up 24% year-over-year, and non-GAAP EPS of $1.17, beating estimates of $339 million and $0.95. Oppenheimer raised its price target to $115, implying a 49.5% upside, citing AI integration, mondayDB 3.0 launch and full-year 2026 revenue guidance of $1.47 billion.
1. Q1 Financial Results
monday.com delivered first-quarter revenue of $351 million, a 24% increase year-over-year, and reported non-GAAP earnings per share of $1.17, exceeding consensus estimates of $339 million and $0.95 per share. This marks the fourth consecutive quarter the company has beaten both revenue and earnings projections.
2. Guidance and Platform Launch
The company issued full-year 2026 revenue guidance of $1.47 billion and highlighted momentum from its AI-powered Work Platform and the launch of mondayDB 3.0. monday.com attributes its accelerated consumption-based pricing model and new product offerings to driving both customer adoption and expanded usage.
3. Analyst Price Target Upgrade
Oppenheimer adjusted its price target to $115, signaling a 49.5% upside potential, and pointed to a $1.2 billion cash position, flat headcount strategy and durable growth initiatives. The firm underscored monday.com's AI integration roadmap and share buyback program as key drivers of long-term value creation.