Monday.com is trading 4.3% down at $75.69 after JPMorgan downgraded it to Neutral from Overweight on September 29.
- JPMorgan lowered its price target to $87 from $90, citing slowing new recurring-revenue growth, longer sales cycles among smaller customers, and disruption following July workforce cuts.
- U.S. indices fell less than 0.5%, pointing to the downgrade over broad-market weakness; the September 29 Elevate ’26 conference program announcement identified no negative business development.