Citi Maintained a Buy Rating on monday.com (MNDY), Keeps the PT Unchanged

monday.com Ltd. (NASDAQ:MNDY) is one of the 11 Unstoppable Tech Stocks to Invest inOn June 18, Steve Enders from Citi maintained a Buy rating on monday.com Ltd. (NASDAQ:MNDY) with a price target of $318. The rating comes after the company reported strong results for Q1 2025.

In the fiscal first quarter of 2025 monday.com Ltd. (NASDAQ:MNDY) came in with strong revenue growth, record operating profit, and highest-ever free cash flow during a quarter. The revenue of 30% year-over-year to reach $282.3 million with a GAAP operating income of $9.8 million against a net loss of $5 million a year ago.

Citi Maintained a Buy Rating on monday.com (MNDY), Keeps the PT Unchanged

Software engineers collaborating on a project while seated in a shared workspace.

Management noted they continue to invest in AI features and enterprise work management capabilities. Looking ahead, the company expects second-quarter revenue between $292 million to $294 million with non-GAAP operating income between $32 million to $34 million.

monday.com Ltd. (NASDAQ:MNDY) is a software company that offers a cloud-based Work Operating System designed to help teams build custom applications and manage projects efficiently.

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