Scott Berg, an analyst from Needham, maintained the Buy rating on Monday.com. The associated price target remains the same with $250.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Scott Berg has given his Buy rating due to a combination of factors that highlight Monday.com’s strategic advancements and growth potential. The company’s recent Elevate 2025 conference in New York City demonstrated significant progress, with a notable increase in registrants compared to previous years. This event showcased Monday.com’s evolution from a work management tool to a comprehensive AI-powered work execution platform, emphasizing its shift towards actively executing tasks through a diverse suite of products.
Moreover, Scott Berg noted the company’s new go-to-market strategy, which focuses on multi-product sales and tailored pricing for different customer segments. Additionally, the projected two-year revenue growth CAGR of approximately 21% aligns with market expectations, while the potential for AI monetization offers further upside. The introduction of a share buyback program is also expected to enhance free cash flow per share growth consistently, contributing to the positive outlook for Monday.com’s stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $258.00 price target.