Kim Bolton monday.com Ltd. MNDY-Q TOP PICK Jun 07, 2023

On track to have their first profitable year in 2023. Free cash flow is on track to be up 700% though from a very low number. Passes the rule of 40 test, where revenue growth + free cash flow margin passes 40.

Loves this one. 12-month price of $266, good long runway.

Doesn't know about takeover bid. Is a mini "salesforce.com". Would not bet against them. Should probably buy. 

12-month target of $268. He's trimmed a bit. Has really jumped on the AI trend.

He targets $321. They reported on Nov.10 and raised guidance, but missed the top, met at the bottom. They brought in a new COO, who came from Alexa. Their total addressable market has expanded.

Great runway ahead. Last reporting was fantastic. Has made a lot of hay with data centres and hyperscalers.

In last quarterly report, company stated that small and medium companies weren't buying as much as expected. AI can do a lot of what it can. Customers now have "buy or build" options out there. Trades at 52x PE, with negative momentum. Tax-loss selling candidate.

Caught up in the narrative of AI eating the lunch of a lot of software companies. He sold. Software is not the key to the AI revolution, but hardware is. Might be a good candidate for a tax loss.