MNDY - Is It Too Late to Buy Monday.com Stock?
2023-08-17 08:34:16 ET
Monday.com (NASDAQ: MNDY) posted its second-quarter report on Aug. 14. The Israeli cloud software company's revenue rose 42% year over year to $176 million and exceeded analysts' expectations by $6 million. It generated an adjusted net profit of $21 million, compared to its adjusted net loss of $15 million a year earlier, while its adjusted EPS of $0.41 cleared the consensus forecast by $0.21.
Those headline numbers were impressive, but Monday.com's stock price has already rallied nearly 40% this year. Is it too late to pick up some shares of this hypergrowth stock?
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Is It Too Late to Buy Monday.com Stock?