【US Stock Volatility】monday.com fell sharply on September 29: Downgraded rating, AI competition, rising interest rates
Bitget异动解读2026/09/29 17:30monday.com September 29 Significant Drop Analysis
Keywords: Rating downgrade, AI competition, Rising interest rates
1. On September 29, JPMorgan downgraded monday.com’s rating from “Overweight” to “Neutral”, citing difficulties acquiring new customers, a decline in net new annual recurring revenue, and extended sales cycles for small and medium-sized clients. AI products are not yet contributing enough to significantly improve overall recurring revenue.
2. On September 28, Meta launched an enterprise platform and AI agent tools for business customers, intensifying competition with enterprise software companies such as Salesforce and ServiceNow. Software stocks like monday.com came under pressure as well.
3. On September 29, the yield on the 10-year U.S. Treasury reached 5.218%, further heightening market expectations that the Federal Reserve will continue to raise interest rates. The high discount rate is suppressing software companies’ forward cash flow valuations.
(Disclaimer: This content is generated by AI technology summarizing publicly available information for reference only and does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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