MNDY - Monday.com Stock Is Up 50% in a Year -- Is the Best Yet to Come?
2024-05-23 05:45:00 ET
Monday.com 's (NASDAQ: MNDY) share price has been incredibly volatile since its summer 2021 IPO. However, the the software company's price bottomed out in late 2022, and over the last 12-month stretch, solid business progress has had the stock continuously on the rise, with shareholders enjoying a more than 50% rally.
Management is touting new products for its small enterprise platform, and it's making progress toward profitability. Shares aren't cheap, but Monday.com could still have much to offer long-term investors.
Monday.com's core software product is for work and project management, helping users on business teams track and complete daily tasks. This puts Monday.com in competition with sizable businesses like Atlassian , Asana , and Smartsheet -- not to mention big enterprise software providers like Microsoft .
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Monday.com Stock Is Up 50% in a Year -- Is the Best Yet to Come?