Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Monday Stock Going to $128?

TheMotleyFool

0 0

Is Monday Stock Going to $128?Photo, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Year to date, shares of Monday.com (NASDAQ: MNDY) have fallen 46% to around $80 at the time of writing. The stock traded near $300 in July. But concerns that artificial intelligence (AI) agents could make it easier for companies to build their own internal workflow automation tools have pushed investors to rein in their growth expectations.

So is the sell-off justified? Most Wall Street analysts still rate the stock a buy, with an average near-term price target of $128, according to Yahoo! Finance. Let's take a closer look at Monday.com's business to see whether the stock is worth buying on the dip.

Image source: Getty Images.

Source Fool.com

Like: 0

MNDY

Share