Monday.com (MNDY) earnings surged higher today after the project management platform released its Q4 2024 earnings report. The highlight of this report is its record revenue of $267.98 million easily beating Wall Street’s estimate of $261.41 million. That’s great news for MNDY shareholders as the company’s revenue soared 32% year-over-year from $202.57 million.
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Another win for MNDY stock today comes from its adjusted diluted earnings per share of $1.08. That’s well above analysts’ estimate of 79 cents and up 66.15% from the 65 cents reported in Q4 2023. Leading this growth are record GAAP and non-GAAP operating margins, high free cash flow, and strong annual recurring revenue in 2024.
Today’s earnings are a massive win for MNDY stock, sending the company’s shares 23.43% higher in pre-market trading. That continues the stock’s positive 9.68% gain year-to-date and its 21.81% rally over the past year.
Monday.com 2025 Guidance Update
Monday.com provides guidance for Q1 2025 in its Q4 report. That includes revenue of $274 million to $276 million, representing year-over-year growth of 26% to 27%. It also expects non-GAAP operating income of $25 million to $27 million and an operating margin between 9% and 10%.
For the full year of 2025, Monday.com expects revenue of $1.208 billion to $1.221 billion, representing growth of 24% to 26% from 2024. The company’s guidance also includes non-GAAP operating income of $134 million to $142 million and operating margin of 11% to 12%. Additionally, the MNDY expects free cash flow of $300 million to $308 million and free cash flow margin of about 25% for the year.
Is MNDY Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Monday.com is Strong Buy based on 16 Buy and four Hold ratings over the past three months. With that comes an average price target of $317.78, a high of $355, and a low of $275. This represents a potential 23.06% upside for MNDY stock. These ratings and price targets will likely change as analyst update their coverage after this earnings report.
