Opinions
Kim Bolton
monday.com Ltd.
MNDY-Q
TOP PICK
Dec 31, 2024
Stock price when the opinion was issued
You might be interested:
They went public last month. It jumped upon its debut and soared further after that. It's at $205 today, down a lot from its peak. So this may be a buying opportunity. It's a new cloud company with a sky-high, nosebleed valuation. Buy this only with money you're prepared to lose. The pandemic has forced companies to rapidly digitize, which is a huge tailwind, and things won't reverse. MNDY software is easy to use for customers, for example to automate processes. MNDY software also allows marketing and project management. MNDY is growing rapidly, 27% customer growth in a quarter. However, operating profit is a big negative (-39% operating margin last quarter). Sales and marketing expenses to continue to outpace revenue, and they recently did a private placement selling shares to CRM and ZM, which can be risky.
Work collaboration. Israeli company. Claim to fame is that it has almost-no-code technology, so you don't have to be a tech whiz. Software is intuitive. Still unprofitable, but anticipates profitability by Q4, earlier than expected. Price target of $226.25. No dividend.
(Analysts’ price target is $185.71)
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.
(Analysts’ price target is $320.95)