Jefferies Assigns Buy Rating to monday.com (MNDY)

Core Viewpoint - monday.com Ltd. (NASDAQ:MNDY) is identified as a strong investment opportunity by hedge funds, with analysts maintaining positive ratings and significant upside potential in stock price forecasts [1][3]. Group 1: Analyst Ratings and Price Targets - Jefferies analyst Brent Thill maintains a Buy rating for monday.com Ltd. with a price target of $260, indicating a potential upside of 96% from current levels [1]. - Citi analyst Steve Enders also reaffirms a Buy rating, although he lowers the price target from $319 to $293, still suggesting a lucrative upside potential of 121% [3][4]. Group 2: Stock Valuation and Performance - The stock has experienced a 41% decline in share price over the past year, currently trading at an EV/Sales multiple of 3.5x, which is considered reasonably cheap [2]. - The company boasts a strong liquidity position, with a free cash flow margin of 27% and cash reserves constituting 25% of its market capitalization [2]. Group 3: Company Overview - monday.com Ltd. is a software application developer that offers a cloud-based visual Work Operating System, providing modular building blocks for creating software applications and managing workflows efficiently [5].