BTIG Sees $1.8 Billion Revenue Potential for Monday.com (MNDY) by Fiscal 2027

Monday.com Ltd. (NASDAQ:MNDY) ranks among the best AI stocks to buy according to analysts. On December 17, BTIG began coverage of Monday.com Ltd. (NASDAQ:MNDY) with a $210 price target and a Buy rating. The firm emphasized monday.com’s solid expansion, citing the company’s 26% revenue increase in Q3 and forecasted free cash flow margins of 27% in fiscal year 2025.

According to analyst Allan Verkhovski, market worries around the influence of AI-driven Google SEO and recent financial outcomes seem exaggerated. He noted that monday.com’s new products are fast scaling, with annual recurring revenue from these products hitting $133 million, accounting for 10% of its total revenue and growing 84% year-over-year.

BTIG showed optimism regarding management’s fiscal year 2027 revenue target of $1.8 billion, which represents a two-year CAGR of 21%. The firm cited AI monetization potential, accelerating metrics from the previous quarter, and distinct offerings like Campaigns and Vibes as factors that support an appealing risk/reward profile for the company.

Monday.com Ltd. (NASDAQ:MNDY) develops software applications internationally. The company provides Work Operating System, which is a cloud-based visual work OS that consists of modular building blocks used and assembled to create software applications and work management tools.

While we acknowledge the potential of MNDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNDY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.