Monday.com (MNDY) offers a lucrative entry point as the company is positioned to penetrate multi-product and upmarket opportunities, Morgan Stanley said in a Tuesday research note.
The company is capable of managing risks associated with its transition to moving upmarket, expanding to multi-product, and adopting a sales-driven growth motion, presenting a compelling opportunity, according to the note.
The company's 2025 revenue guidance raise was lower than the Q2 beat, implying deceleration in H2, analysts wrote.
"Technically a beat and raise with solid results across larger customer momentum and multi-product, but a skinnier beat against higher expectations and focus on paid search drove shares meaningfully lower," according to the report.
The company benefits from robust expansion from existing clients and is known for utilizing its 'Big Brain' AI capabilities internally to optimize performance marketing spend based on ROI. "We expect monday.com will successfully navigate this market disruption to paid search, leaning into other channels," according to the brokerage.
Morgan Stanley said it upgraded the stock to overweight from equalweight and adjusted its price target to $260 per share from $330.
Price: 177.33, Change: +3.19, Percent Change: +1.83
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。