MNDY - monday.com: A Great SaaS Stock To Buy
2024-01-22 09:07:10 ET
Summary
- monday.com is the fastest growing collaborative work management (CWM) stock, reporting a revenue of $189.2M in Q3 2023, up 38% YoY.
- The CWM market is expected to reach $150 billion by 2026, presenting a significant growth opportunity for monday.com.
- monday.com's rapid product innovation, global sales network, and segment-specific sales strategy contribute to its success and potential for further growth.
Thesis
The collaborative work management ((CWM)) market is heating up, as more organizations look for ways to enhance their work productivity, teamwork, and adaptability in response to evolving business demands and digital transformation. monday.com (NASDAQ: MNDY ) is unique in this market as it is the fastest growing CWM stock in its category. In its Q3 2023 earnings, the company reported a revenue of $189.2M, up 38% year-over-year, which is nearly twice as much as its peers, Asana (ASAN), Atlassian (TEAM), and Smartsheet (SMAR) (see below)....
monday.com: A Great SaaS Stock To Buy