Monday.com's 25% Share Price Decline: Undervalued or Adjusting to New Growth Outlook?

monday.com (MNDY) shares have dropped 25% in a month, causing investors to reassess valuation. The company's 36% year-to-date decline and 49.6% one-year total shareholder return have led to shifting risk perceptions and reset expectations for future gains. The tech sector's volatility has investors looking for new ideas, with the most popular narrative seeing monday.com as undervalued at a fair value of $234.58. However, risks include heavy reliance on performance marketing and intense competition.