monday.com Likely To Post Q2 Profit; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
monday.com Ltd. (NASDAQ:MNDY) is expected to report Q2 earnings of 17 cents per share, compared to a loss of 33 cents per share a year ago. Revenue is projected to be $169.27 million, up from $123.72 million in the same period last year. The company's shares closed at $155.32 on Thursday, up 1.9%. Several analysts have revised their price targets for the company, with the highest being $240 from Goldman Sachs.
August 11, 2023 | 4:07 pm
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POSITIVE IMPACT
monday.com is expected to report a profitable Q2, with increased revenue. The stock price is likely to be influenced by these positive expectations and recent analyst revisions.
The expected profitable Q2 and increased revenue for monday.com are positive indicators for the company's performance. This, coupled with recent analyst revisions, is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100