Monday.com Raises Revenue Outlook, Boosting Stock Performance
Monday, 12 August 2024, 12:41
Monday.com Stock Performance
Today, Monday.com saw a remarkable increase in its stock price, largely attributed to an improved revenue forecast.
Revenue Forecast Details
- Projected revenue: $956 million to $961 million
- Year-over-year growth: 31% to 32%
- Previous estimate range: $942 million to $948 million
Conclusion
With these updated projections, investors are encouraged about Monday.com’s future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.