Is Monday.com a Buy?
Have you heard of Monday.com (NASDAQ: MNDY)? Maybe you've run into its software-as-a-service (SaaS) platform at work -- where more than 200,000 client companies use Monday.com to manage their workflows and projects.
The stock has been a big winner over the last two years, gaining 125% while the S&P 500 index rose by 37%. That market momentum looks good, but Monday's stock is also soaring to nosebleed-inducing heights. It's an exciting growth stock for sure, but is Monday.com the right pick for your portfolio?
Monday.com is indeed a highflier in the SaaS sector, showing impressive revenue growth and robust free cash flow. In fact, the company's revenue over the trailing four quarters has reached a staggering $784 million. That's a lot of dough for a company that started as a simple productivity tool.
Source Fool.com
