monday.com: Positioned For Growth With $277 Price Target [Seeking Alpha]
monday.com Ltd. - Ordinary Shares (MNDY)
Company Research
Source: Seeking Alpha
Management guidance predicts 27.3% revenue growth in FY24 and mid-20s FCF margins in the medium term. Recent analyst reports range from a $270/share to a $280/share price target, with positive outlooks on monday.com's growth potential. monday.com ( NASDAQ: MNDY ) is a relatively new position in my portfolio. After updating my valuation following Investor Day in Dec-23 and the guidance provided in the February Q4-23 earnings call, I rate the stock a BUY with a $277/share 1Y price target (+29% 1Y upside). At these levels, the company is a compelling investment due to the continued evolution of its Work OS platform and strong management execution on the profitability side, as well as the strong momentum seen in larger enterprise accounts. Here are my quick thoughts on the Q4-23 earnings call and my updated valuation. Key Takeaway On the 12th of February, monday.com reported Q4-23 earnings that topped analysts' estimates. FY23 revenue grew at 41% YoY, driven by strong custome
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News
- 8 Side Hustle Tools Every Freelancer Needs In 2024 [Forbes]Forbes
- Should You Buy Monday.com Stock? [Yahoo! Finance]Yahoo! Finance
- Monday.com (MNDY) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Appfire Receives Atlassian Partner of the Year 2023 Marketplace Partner Channel Growth [Yahoo! Finance]Yahoo! Finance
- monday.com Ltd. (NASDAQ: MNDY) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $230.00 price target on the stock.MarketBeat
MNDY
Earnings
- 2/12/24 - Beat
MNDY
Sec Filings
- 5/1/24 - Form 144
- 4/1/24 - Form 144
- 4/1/24 - Form 144
- MNDY's page on the SEC website