An analysis on June 11, 2026, highlighted monday.com's shift to a "seats-plus-credits" pricing model. This change addresses the traditional seat-based model's vulnerability as AI agents may reduce corporate headcounts. The new model aims to offset potential seat erosion by charging for outcomes and AI usage. Analysts view this move as positive but not yet proven.
The report maintained a neutral rating on the stock. The stock has been under pressure, falling significantly year-to-date. The analyst awaits clear evidence that the new pricing structure can reverse declines in net retention and reignite sustainable growth before adopting a more bullish stance on the company.