monday (MNDY) Company Overview

Keep MNDY stock before the Q4 results, as changes in leadership and difficulties in enterprise sales could overshadow the positive growth in products and advancements in AI.

Recently, Zacks.com users have shown a lot of interest in Monday.com (MNDY). As a result, it's important to understand the factors that could affect the stock's future.

Monday.com (MNDY) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

In the most recent trading session, Monday.com (MNDY) finished at $248.90, which is a decrease of 1.91% compared to the previous day.

In the most recent trading session, Monday.com (MNDY) finished at $248.90, which is a decrease of 1.91% compared to the previous day.

MNDY is dealing with tough competition and economic challenges, even though it has a growing range of products and more businesses are using its services. This situation makes it a risky choice for investors.

I still have a "buy" rating for monday.com stock, setting a price target of $288, even though the stock has dropped by 25% recently. The company is increasing its market share in the enterprise sector, showing notable growth in customers with annual recurring revenue over $50K and $100K, while also benefiting from vendor consolidation and a strong plan for product innovation. Additionally, the stabilization of their net revenue retention and improved guidance for fiscal year 2024 suggest that the company is financially healthy and operating efficiently.

On the most recent trading day, Monday.com (MNDY) closed at $227.38, which is an increase of 0.9% compared to its last closing price.

Monday.com (MNDY) finished the last trading session at $237, which represents a 0.74% increase from the previous day's closing price.