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monday.com Ltd. (MNDY) develops software applications in the United States, Europe, the Middle East, Africa, and internationally. 
It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.
The company also offers product solutions for work management, sales CRM, and software development verticals; and business development, presale, and customer success services.
It serves organizations, educational or government institution, and distinct business unit of an organization. Shares are rebounding from a support trendline support which coinicdes with the stock's 50-day moving average. Higher share prices are expected.
On May 15th, MNDY reported earnings of $0.34 per share on revenue of $162.26 million for the first quarter ended March 2023. The consensus estimate was a loss of $0.29 per share on revenue of $155.33 million. The company beat expectations by 278.95% while revenue grew 49.55% on a year-over-year basis.
Guided Higher: The company said it expects second quarter revenue of $168.0 million to $170.0 million and now expects 2023 revenue of $702.0 million to $706.0 million. The company's previous guidance was 2023 revenue of $688.0 million to $693.0 million.
Entry Point: $171.00
Stop Loss: $164.00
Trading Range: $73.58 to $189.15
Target Price: $183.00
