monday.com: the renewal cohort is converting above plan

The case

monday.com: the renewal cohort is converting above plan

Renewal cohorts are converting at higher realised pricing than management guided. The churn everyone feared has appeared in seat counts and not in dollars.

The edge

The Street says

Consensus models the cycle turning in the second half
Sell-side target clusters within 8% of spotAuto

I say

The turn already happened in order intake two quarters ago
My number is 14% above the street on the out yearCreator est.

The kill switch

I'm wrong if

Order intake declines two consecutive quarters
Gross margin below 44% on any printCreator est.
Close below the lock price on above-average volume

monday.com: the renewal cohort is converting above plan

Evidence · 3 cards

monday.com: the renewal cohort is converting above plan

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