Citi Maintained a Buy Rating on monday.com (MNDY), Keeps the PT Unchanged
monday.com Ltd. (NASDAQ:MNDY) is one of the . On June 18, Steve Enders from Citi maintained a Buy rating on monday.com Ltd. (NASDAQ:MNDY) with a price target of $318. The rating comes after the company reported strong results for Q1 2025.
In the fiscal first quarter of 2025 monday.com Ltd. (NASDAQ:MNDY) came in with strong revenue growth, record operating profit, and highest-ever free cash flow during a quarter. The revenue of 30% year-over-year to reach $282.3 million with a GAAP operating income of $9.8 million against a net loss of $5 million a year ago.
Software engineers collaborating on a project while seated in a shared workspace.
Management noted they continue to invest in AI features and enterprise work management capabilities. Looking ahead, the company expects second-quarter revenue between $292 million to $294 million with non-GAAP operating income between $32 million to $34 million.
monday.com Ltd. (NASDAQ:MNDY) is a software company that offers a cloud-based Work Operating System designed to help teams build custom applications and manage projects efficiently.
While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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