Monday.com shares gain after quarterly results beat estimates

monday.com

12/08/2024 18:09

** US-listed shares of Israeli software firm Monday.com
 MNDY.O  are up ~12% to $251.85 on Mon following quarterly
results that beat estimates
    ** MNDY shares are trading at highest level since Jan 2022
and on track for biggest daily pct gain since May 2024
    ** MNDY beat estimates with a 34% rise in rev to $236.1 mln
while ajusted EPS more than doubled to 94 cents
    ** Among the 21 analysts that cover MNDY, the median PT is
$270 while avg rating is "buy", per LSEG data
    ** MNDY shares are up ~35% YTD
    
    

 (Reporting by Chibuike Oguh in New York)
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Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))