Guggenheim Sees 20% Long-Term Growth for monday.com (MNDY) as AI Adoption Accelerates

monday.com Ltd. (NASDAQ:MNDY) is one of the AI Stocks on the Market’s Radar. On December 4, Guggenheim initiated coverage of the stock with a “Buy” rating and a $250 price target. The firm is bullish on the stock as it sees material upside to new ARR and multi-year growth potential. The work management software leader, boasting over 250K customers and 2.5M paying users, has transitioned from a “viral, self-serve strategy to a more sales-led, multi-product and upmarket approach.” The company’s newer produ ...