monday.com Stock News

The stock market has historically delivered an average annual return of about 10% going back decades. To double your money in five years, you need a 15% annualized return.

The technology sector often sees investment narratives dominated by the Magnificent Seven tech stocks. While these giants have earned their status, focusing solely on them can mean missing significant opportunities.

TipRanks' analyst ranking service reveals three stocks favored by Wall Street, including Pinterest and Amazon.

Smaller software stocks have been on a tear this year, and the sector broadly stands to benefit from lower costs for AI.

Monday.com NASDAQ: MNDY can hit new all-time highs this year because it capitalizes on AI and business automation like every other technology company would be happy to accomplish. It is growing its user base, deepening penetration of services, and doing so among the world's largest businesses.

monday.com Ltd. (NASDAQ:MNDY ) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET Company Participants Roy Mann - Co-Chief Executive Officer Eran Zinman - Co-Chief Executive Officer Eliran Glazer - Chief Financial Officer Byron Stephen - Vice President of Investor Relations Conference Call Participants Pinjalim Bora - JP Morgan Brent Bracelin - Piper Sandler Jackson Ader - KeyBanc Capital...

I'm optimistic about monday.com's $1 billion ARR milestone and its potential to gain institutional traction. The company's debt-free balance sheet with a strong cash position gives me confidence during market downturns. I'm keeping an eye on MNDY's ability to maintain near 30% CAGR despite deceleration concerns.

Monday.com (NASDAQ:MNDY) shares surged after the Cloud-based productivity software provider reported an earnings beat for the fourth quarter. The stock was up 31.5% at about $340 late morning on Monday.