2024-04-08 18:06:02 ET
Summary
- Valuation implies a 1-year price target of $277/share, 29% upside from current levels.
- Management guidance predicts 27.3% revenue growth in FY24 and mid-20s FCF margins in the medium term.
- Recent analyst reports range from a $270/share to a $280/share price target, with positive outlooks on monday.com's growth potential.
monday.com ( MNDY ) is a relatively new position in my portfolio. After updating my valuation following Investor Day in Dec-23 and the guidance provided in the February Q4-23 earnings call, I rate the stock a BUY with a $277/share 1Y price target (+29% 1Y upside)....
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monday.com: Positioned For Growth With $277 Price Target