Monday.com Ltd (NASDAQ:MNDY) reported better-than-expected earnings for its fiscal fourth quarter on Monday.
The company posted fiscal fourth-quarter 2024 revenue growth of 32% year-on-year to $267.98 million, beating the analyst consensus estimate of $261.37 million. The project management software company's adjusted EPS of $1.08 beat the analyst consensus estimate of 79 cents.
Monday.com expects fiscal first-quarter 2025 revenue of $274 million—$274.32 million (versus the consensus of $246.1 million) and an adjusted operating margin of 9%–10%. Monday.com expects 2025 revenue of $1.208 billion—$1.221 billion, against the consensus of $1.210 billion, and an adjusted operating margin of 11%–12%.
Monday.com shares gained 26.5% to close at $326.58 on Monday.
These analysts made changes to their price targets on Monday.com following earnings announcement.
- Jefferies analyst Brent Thill maintained Monday.Com with a Buy and raised the price target from $300 to $400.
- JP Morgan analyst Pinjalim Bora maintained the stock with an Overweight rating and raised the price target from $350 to $400.
- Wells Fargo analyst Michael Berg maintained the stock with an Overweight rating and increased the price target from $340 to $380.
Considering buying MNDY stock? Here’s what analysts think:
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