monday.com Ltd Reaches 5-Day High on SailGP Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
monday.com Ltd. saw a price increase of 5.07%, reaching a 5-day high. This rise follows the announcement of a three-year partnership with the Bonds Flying Roos, enhancing their operational efficiency in preparation for the upcoming Grand Final.
The partnership will leverage monday.com's AI-powered platform to centralize operations, including crew training and logistics, as the Bonds Flying Roos compete for a significant championship prize. This collaboration is expected to boost brand exposure for monday.com at a high-visibility event.
As the Bonds Flying Roos aim for their fourth championship, this strategic partnership positions monday.com Ltd. favorably in the competitive landscape, potentially attracting more clients and enhancing its market presence.
Analyst Views on MNDY
Wall Street analysts forecast MNDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNDY is 235.58 USD with a low forecast of 195.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast MNDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MNDY is 235.58 USD with a low forecast of 195.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 115.570
Current: 115.570
About MNDY
Monday.Com Ltd is an Israel-based company engaged primarily in the software sector. The Company provides cloud-based platform that enables its users to create custom applications and project management software. The platform offers a Work Operating System (Work OS) that provides modular building blocks to create software applications and work management tools. This system is designed to enhance team collaboration and streamline workflows across various business functions, including project management, CRM, marketing, and more. The Company has teams in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Kiev, and Sydney. The Company customize its platform to suit any business vertical and serves customers worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
