Professional
Added to YB: 2024-08-15
Pitch date: 2024-08-13
MNDY [bullish]
monday.com Ltd.
-41.9%
current return
Author Info
No bio for this author
Company Info
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.
Market Cap
$8.3B
Pitch Price
$260.00
Price Target
300.00 (+91%)
Dividend
N/A
EV/EBITDA
145.69
P/E
132.12
EV/Sales
5.77
Sector
Software
Category
growth
Needham Sets $300 Target for monday.com as Revenue Growth and Profitability Exceed Expectations
MNDY: Needham raises PT to $300. Q2 rev growth up 70bps to 34.4%. Largest customer ever at 80k seats. Gross retention improving, new pricing +100bps NRR. >$50k cohort growing faster. GAAP Operating Profit achieved early. Rev growth expected >30% through year-end w/ Rule of 50. PT at 12x FY25 rev.
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