Why monday.com Ltd. (MNDY) Soared on Monday

We recently compiled a list of the 10 Firms Begin Trading Week With Impressive Gains. In this article, we are going to take a look at where monday.com Ltd. (NASDAQ:MNDY) stands against the other stocks.

The stock market kicked off the trading week on a positive note, with all major indices clocking in gains, as investors brushed off President Donald Trump’s latest imposition of hefty tariffs on steel and aluminum products from Canada and Mexico.

The Dow Jones rose 0.38 percent, the S&P 500 grew 0.67 percent, while the Nasdaq rallied 0.98 percent.

Ten companies mirrored a broader market optimism amid a series of positive catalysts sparking buying appetite.

In this article, we will take a look at which companies led the charge and explore the reasons behind their performance.

To come up with Monday’s best performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Software engineers collaborating on a project while seated in a shared workspace.

monday.com Ltd. (NASDAQ:MNDY)

Monday.com Ltd. soared by $26.46 percent on Monday to finish at $326.58 apiece as investors gobbled up shares in the company following a stellar earnings performance and bullish outlook for 2025, with revenues expected to crack past the $1-billion level.

In a statement, MNDY said it swung to a net income of $32.37 million from a net loss of $1.877 million registered in 2023, as revenues jumped by 33.7 percent to $868 million from $649 million year-on-year.

For the fourth quarter alone, MNDY saw net income nearly doubled to $23 million from the $12 million booked in the same quarter a year earlier. Revenues increased by 31 to $237 million from $180 million.

For the first quarter of the year, MNDY expects revenues to settle between $274 million and $276 million, while for the full year, the company targets to achieve $1.208 billion to $1.221 billion in revenues.

Overall MNDY ranks 2nd on our list of Monday’s best performers. While we acknowledge the potential of MNDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as MNDY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.