MNDY - Is This Growth Stock Flying Under the Radar?
2023-09-12 06:08:00 ET
The technology-heavy Nasdaq Composite index is up over 30% so far in 2023 thanks in large part to movements in big tech stocks such as Microsoft , Alphabet , and Nvidia . Given the investments in artificial intelligence (AI) from big tech, it's natural for investors to begin pouring into large blue chip companies. It seems as if several times a week the largest tech companies are flooding headlines with new AI-powered products and services.
In the midst of all of this are a number of growth stocks that get overlooked. This article specifically focuses on Monday.com (NASDAQ: MNDY) , which develops project management software.
The company has made some notable progress, yet seems to lack the institutional coverage that other larger enterprises receive. Here's a thorough analysis of the company's financial and operating results that makes a case for why now could be an opportunity to initiate a position.
For further details see:
Is This Growth Stock Flying Under the Radar?