These Analysts Boost Their Forecasts On Monday.com After Upbeat Results
Portfolio Pulse from Avi Kapoor
Monday.com Ltd (NASDAQ:MNDY) reported strong Q1 2024 financial results, beating revenue and EPS estimates. The company also provided higher-than-expected revenue guidance for Q2 and FY 2024. Following the results, several analysts increased their price targets for the stock.
May 16, 2024 | 12:27 pm
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Monday.com reported better-than-expected Q1 2024 results, with revenue and EPS beating estimates. The company also raised its revenue guidance for Q2 and FY 2024. Several analysts increased their price targets following the results.
The strong Q1 results and raised guidance indicate robust business performance and growth prospects for Monday.com. The multiple analyst price target upgrades further reinforce positive sentiment around the stock, likely driving short-term price appreciation.
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