Surging Earnings Estimates Signal Upside for Monday.com (MNDY) Stock
monday.com(MNDY) Zacks Investment Research·2024-03-02 02:21
Monday.com (MNDY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this project management software developer, should get reflected in its stock price. After all, empirical research shows a strong correlati ...