Under the wave of AI, Monday.com (MNDY.US) performance is remarkable, with KeyBanc upgrading its rating to "Buy".

Work management software company Monday.com (MNDY.US) closed up 26.5% on Monday, at $326.58, after the company announced fourth quarter earnings and guidance that exceeded market expectations. Following the earnings announcement, KeyBanc upgraded Monday.com from "hold" to "buy" with a target price of $420. Data shows that Monday.com's fourth quarter revenue was $268 million, a 32% year-on-year increase, beating market expectations of $261 million; earnings per share were $1.08, a 66% year-on-year increase, far surpassing market expectations of $0.65. KeyBanc analyst Jackson Ade stated, "We had expected the company's guidance to fall short of market expectations. We had hoped to buy back into this stock at a lower entry point, but we didn't want to repeat the mistakes we've made elsewhere, nor did we want to miss out on larger gains by being too concerned with the right price." Ader added, "Based on fixed exchange rates, Monday.com's 2025 revenue growth rate guidance midpoint is 26.5%, while our initial expectation for this quarter was 26.2%. We believe that a 24% growth rate expectation is enough to boost the stock price; 26.5% is not even within our consideration." Monday.com CEO Roy Mann emphasized the company's progress in integrating artificial intelligence (AI) into the platform. Mann stated during the earnings call, "In 2024, we made significant progress in AI development, launching multiple new features including AI modules. Since AI was integrated into the Monday platform, users have executed approximately 10 million AI operations. This ongoing progress underscores our commitment to enhancing user experience and efficiency through innovative AI solutions." Overall, Wall Street analysts have given Monday.com a "strong buy" rating with an average target price of $336.58, a 3% increase from the current stock price.