monday.com shares drop 73% amid SaaS downturn but show growth potential with strong cash and buybacks

monday.com has seen its share price fall 73% over the past year due to a broader SaaS sector decline. Despite this, the company is expected to grow revenues by nearly 20% in 2026 and 16.5% in 2027, with a strong net cash balance of $1.2 billion, about 30% of its $4 billion market cap. The firm also repurchased $552.6 million in stock in Q1 2026, reducing shares outstanding by 8.5%. This financial strength and growth outlook suggest a favorable risk-reward profile for investors, as highlighted by the author's personal investment in monday.com shares.