BTIG Sees $1.8 Billion Revenue Potential for Monday.com (MNDY) by Fiscal 2027

Core Insights - Monday.com Ltd. is recognized as one of the top AI stocks to buy, with BTIG initiating coverage and setting a price target of $210 along with a Buy rating, highlighting the company's robust growth and projected free cash flow margins of 27% for fiscal year 2025 [1][3] Financial Performance - The company reported a 26% revenue increase in Q3, indicating strong financial performance [1] - Annual recurring revenue from new products reached $133 million, representing 10% of total revenue and showing an impressive year-over-year growth of 84% [2] Future Projections - BTIG is optimistic about Monday.com's revenue target of $1.8 billion for fiscal year 2027, which translates to a compound annual growth rate (CAGR) of 21% over two years [3] - The potential for AI monetization and the introduction of unique offerings like Campaigns and Vibes are seen as key factors contributing to a favorable risk/reward profile for the company [3] Company Overview - Monday.com Ltd. develops software applications globally, offering a cloud-based Work Operating System that utilizes modular building blocks for creating software applications and work management tools [4]