Monday.com Soars on Strong Q4 Earnings, AI-Driven Growth Strategy

These Analysts Boost Their Forecasts On Monday.com After Better-Than-Expected Earnings - Monday.Com (NASDAQ:MNDY)

Monday.com Ltd MNDY reported better-than-expected earnings for its fiscal fourth quarter on Monday. The company posted fiscal fourth-quarter 2024 revenue growth of 32% year-on-year to $267.98 million, beating the analyst consensus estimate of $261.37 million. The project management software company's adjusted EPS of $1.08 beat the analyst consensus estimate of 79 cents. "2024 was a remarkable year for monday.com, reflecting our rapid product innovation and focus on go-to-market execution, driving strong demand across customers of all sizes. We are proud to have further expanded our product suite with monday service, which is already seeing rapid adoption from both existing and new customers," said monday.com co-founders and co-CEOs, Roy Mann and Eran Zinman. "As we look to 2025, we are excited to double-down on our AI efforts, with a focus on AI Blocks, Product Power-ups, and our new Digital Workforce of AI Agents. We believe AI can be a game-changer for our customers, giving them the ability to transform their workflows and scale faster than ever before." Monday.com expects fiscal first-quarter 2025 revenue of $274 million -- $274.32 million (versus the consensus of $246.1 million) and an adjusted operating margin of 9%-10%. Monday.com expects 2025 revenue of $1.208 billion -- $1.221 billion, against the consensus of $1.210 billion, and an adjusted operating margin of 11%-12%. Monday.com shares gained 26.5% to close at $326.58 on Monday. These analysts made changes to their price targets on Monday.com following earnings announcement. Jefferies analyst Brent Thill maintained Monday.Com with a Buy and raised the price target from $300 to $400. JP Morgan analyst Pinjalim Bora maintained the stock with an Overweight rating and raised the price target from $350 to $400. Wells Fargo analyst Michael Berg maintained the stock with an Overweight rating and increased the price target from $340 to $380. Considering buying MNDY stock? Here's what analysts think: Read This Next: Top 3 Tech Stocks That May Jump This Month MNDYMonday.Com Ltd$325.01-0.48%Overview Rating:Speculative37.5%Technicals Analysis660100Financials Analysis200100WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Monday.com Beats Q4 Earnings Estimates, Boasts 32% Revenue Growth: CEO Calls AI A Game-Changer - Monday.Com (NASDAQ:MNDY)

Monday.com sees strong ARR growth and rising AI adoption, co-CEOs highlight AI Blocks and Digital Workforce for 2025 Monday.com Ltd MNDY reported fiscal fourth-quarter 2024 revenue growth of 32% year-on-year to $267.98 million, beating the analyst consensus estimate of $261.37 million. The project management software company's adjusted EPS of $1.08 beat the analyst consensus estimate of $0.79. The stock price climbed after the results. Also Read: Cboe Q4 Earnings: Options Boom, Global Growth, Market Expansion Drive Gains The net dollar retention rate was 112% and 115% for customers with more than ten users. The number of paid customers with over $50,000 in annual recurring revenue (ARR) rose 39% year over year to 3,201. The adjusted operating margin increased 500 bps to 15%. In the quarter, Monday.com generated: Operating cash flow of $76.7 million $72.7 million of free cash flow, compared to $58.5 million and $55.4 million, respectively, a year ago. $1.46 billion in cash and equivalents as of Dec. 31, 2024. Roy Mann and Eran Zinman, co-founders and co-CEOs, flagged the expansion of its product suite with Monday service, which is already seeing rapid adoption from both existing and new customers. They also highlighted that the company doubled down on its AI efforts, focusing on AI Blocks, Product Power-ups, and a new Digital Workforce of AI Agents for 2025. They expect AI to be a game-changer for their customers, giving them the ability to transform their workflows and scale faster than ever before. Outlook: Monday.com expects fiscal first-quarter 2025 revenue of $274 million -- $274.32 million (versus the consensus of $246.1 million) and an adjusted operating margin of 9%-10%. Monday.com expects 2025 revenue of $1.208 billion -- $1.221 billion, against the consensus of $1.210 billion, and an adjusted operating margin of 11%-12%. Monday.com stock surged over 57% in the last 12 months. At least four Wall Street firms reduced their price target on the stock in 2025. However, Citigroup upgraded its rating from Neutral to Buy, and Cantor Fitzgerald initiated coverage on the stock with an Overweight. Price Action: Monday.com stock is up 30.4% at $334.76 at the last check Monday. Also Read: Thomson Reuters Q4 Earnings: Beats Estimates, Boosts Dividend 10%, CEO Highlights Strategic Growth Image: Shutterstock MNDYMonday.Com Ltd$332.6328.8%Overview Rating:Speculative37.5%Technicals Analysis660100Financials Analysis200100WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Monday.com Stock Soars as AI Offerings Power Q4 Results

Monday.com also announced a new AI product and the full release of another. Shares of Monday.com (MNDY) soared nearly 30% Monday morning as the provider of business management solutions posted better-than-expected results and gave solid guidance as the firm's artificial intelligence (AI) solutions helped boost demand. Monday.com reported fourth-quarter adjusted earnings per share (EPS) of $1.08, nearly 40% more than the estimate by analysts surveyed by Visible Alpha. Revenue jumped 32% year-over-year to $268.0 million, also above forecasts. Co-founders and co-CEOs Roy Mann and Eran Zinman explained that Monday.com's success in 2024 reflected "our rapid product innovation and focus on go-to-market execution, driving strong demand across customers of all sizes." They added that in 2025 they plan to "double-down on our AI efforts." The company sees full-year revenue in the range of $1.208 billion to $1.221 billion, while the Visible Alpha outlook was for $1.207 billion. Firm Launches New AI Product, Issues Full Release of Another Monday.com also announced the launch of a new AI product called AI Vision, which it said would give customers "a competitive advantage to scale and shift business dynamics without increasing resources and enable enterprise and Fortune 500 companies to accelerate processes often slowed by scale." In addition, it noted that its AI Enterprise Service Management Platform was out of beta testing, and now fully released. Monday.com shares traded at their highest level in more than three years.