Monday.com's valuation is ridiculously low, making it worth buying more despite concern about decelerating growth; fair value is at least $130 a share. x.com  x.com 

ServiceNow's unexpected expense surge makes its rich valuation more vulnerable in a struggling software sector. Revenue rose 21%, but spending drove an EPS miss and one quarter of guided cRPO deceleration; wider market conditions could hurt near term. The 20% selloff looks excessive, and few software companies should benefit as much from AI. Management could deliver over 3-5 years, though the stock is only close to a buy again now; below $100 looks good for the long term. x.com  x.com  x.com  x.com 

monday.com is a profitable SaaS platform priced like legacy software because the market fears AI disruption. Q1 was very solid: revenue grew 24%, GAAP operating income was positive, free cash flow was strong, and enterprise customers are still growing much faster. Yet the stock remains deep in the penalty box. x.com 

monday.com is betting against AI disruption fears by buying back 15% of its float in Q1, and software will bifurcate between winners and losers. The stock has fully round-tripped. Owning it is preferable even at the risk of being wrong, but it needs time. x.com 

Software incumbents like monday.com and CrowdStrike should hold their ground because companies will lean on existing software to integrate AI rather than rip it out. Token shortages make AI hardly usable without top-dollar spend, so firms with no business vibe-coding will use software they already pay for, which can scale to get cheaper tokens. No CEO will risk their job, and no CTO will ask the board to scrap a costly software investment. The market won't go much higher without software. x.com  … Show more

Monday.com is breaking out of a base built since February after raising its 2026 guidance, with some analysts flagging it as still meaningfully undervalued. Two pennant consolidations formed in May and June, and price is reclaiming its 20/50 EMA cloud, with strong volume support in the upper $70s and buyers stepping in on pullbacks. It needs to clear and hold $81.21 to confirm the breakout, with targets of $97.30 and $109.58. x.com 

Workday's Q2 was totally fine, and the business is steadier than the bearish narrative implied. Growth relies on upselling a mature HCM and finance base, giving about 10-12% revenue growth, while margins have plenty of room to rise from 14% GAAP. AI is only 6% of revenue, so the business is unlikely to change much. The real risk is big companies shifting spending to hotter AI tools such as Claude. A sale anywhere below $250 would be insulting to shareholders, and 20x earnings power is not crazy. … Show more

Software stocks such as monday.com are the cheapest entry in a decade, and the best approach is to buy the cheapest on sales multiples, even those most exposed to AI disruption. At about 1.2x-1.5x EV/sales, if AI cuts seats 50% and revenue halves, monday.com could slash sales and marketing costs to reach 50%+ operating margins and trade at about 5x earnings; even a 75% seat loss leaves about 10x. Software will re-rate when AI lifts margins, not when growth re-accelerates. x.com  x.com  x.com  x.com  … Show more

Workday at 3x sales is a travesty for a business of its quality, implying the market expects management to destroy value through poor capital allocation on top of AI fears. It could likely raise margins toward 30% without much customer impact, given bloat and complacency; the same factors that make it easy to catch up also make it easy to run more profitably. Venture valuations like Rippling's make more sense with Workday at 6-8x sales. x.com  x.com  x.com 

Constellation Software has no way to benefit from AI and little organic growth, so 21x GAAP EBIT looks fair, with perhaps a downside skew if churn rises across its portfolio in the next five years. The market's negative reaction is rational. Its small vertical software businesses were run financially rather than for product, many still on-prem, with no central AI strategy as software gets cheaper to build. Organic growth was 2% in constant currency; inorganic growth is fundamentally different. … Show more