Investors Seek Lead in monday.com Class Action Lawsuit

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Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit against monday.com Ltd. (NASDAQ: MNDY) and certain of its executive officers. The lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose that monday.com was seeing new customer growth deceleration, weaker expansion within existing accounts, and longer enterprise sales cycles, making the company's $1.8 billion 2027 target increasingly unlikely to be met.

Why it matters

The lawsuit alleges that monday.com misled investors by providing materially flawed statements of confidence and growth projections that did not account for these variables. This could have significant financial implications for the company and its shareholders.

The details

The class action lawsuit, captioned Potter v. monday.com Ltd., No. 26-cv-01956 (S.D.N.Y.), seeks to represent purchasers or acquirers of monday.com common stock. The lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that monday.com was seeing new customer growth deceleration, weaker expansion within existing accounts, and longer enterprise sales cycles, making the company's $1.8 billion 2027 target increasingly unlikely to be met.

• On February 9, 2026, monday.com disclosed that 'we will no longer be discussing our previously provided 2027 targets, but we'll be centering our discussion on our 2026 outlook, which reflects the continued momentum we see across our AI work platform, new product introductions and upmarket sales motion.'

What’s next

The judge will decide on whether to allow the case to proceed as a class action lawsuit.