Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - DA Davidson has reiterated its Buy rating on monday.com Ltd. (NASDAQ:MNDY) while maintaining its $275.00 price target. The target represents significant upside potential from the current price of $192.13, with analyst targets ranging from $205 to $450.
The research firm made this assessment after attending monday.com’s Elevate user conference and analyst event in New York City, where it gained increased confidence in the company’s long-term growth prospects. According to InvestingPro data, the company maintains impressive gross profit margins of 89.42% and has achieved revenue growth of 30.24% over the last twelve months.
DA Davidson noted that new products are expected to contribute more significantly to monday.com’s revenue, with additional upside potential from artificial intelligence initiatives.
The firm highlighted that monday.com continues to focus on efficient growth, and pointed out that the company’s recently authorized large share repurchase program could provide upside to earnings per share.
Customer conversations during the conference were positive, according to DA Davidson, supporting the view that monday.com has significant opportunity as a multi-product platform. The company’s strong financial position is evidenced by its healthy current ratio of 2.64 and minimal debt-to-equity ratio of 0.11.
In other recent news, monday.com has been in the spotlight following several key developments. The company announced a 2027 revenue target of $1.8 billion during its Elevate Conference in New York, as highlighted by KeyBanc, which maintained its Overweight rating and $330 price target. This target, described as a base case scenario, falls below previous analyst estimates. Meanwhile, Needham reiterated its Buy rating with a $250 price target after the Elevate 2025 conference, noting the company’s transition to an AI-powered work execution platform. Cantor Fitzgerald also maintained an Overweight rating but lowered its price target to $257, citing opportunities in AI solutions despite SEO pressures. Analysts have expressed optimism about monday.com’s strategic direction, with Needham providing additional insights into the company’s diminishing reliance on Google for performance marketing. These updates reflect monday.com’s ongoing evolution and strategic plans for future growth.
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