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Is Monday.com Stock a Buy Now?

TheMotleyFool

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At the start of the year, many investors look for new stocks to bolster their portfolios. Finding new stocks is not difficult, considering that 2021 was one of the biggest years for IPOs, but finding the high-quality stocks out of those newly public companies can be more challenging.

Monday.com (NASDAQ: MNDY) came public in 2021, and it quickly jumped over 120% from its IPO price in just a few months. However, like almost all tech stocks, it has fallen drastically since November, and it is now only 14% above the price it came public at. Is this price a buying opportunity? Let's find out.

Image source: Getty Images.

Source Fool.com

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