Despite the geopolitical risks monday.com is still a better buy than Asana

The recent geopolitical crisis in the Middle East has negatively affected a lot of high-quality companies that are based there. Tech names like Global-e Online ($GLBE), Wix ($WIX), and others are based in Israel, and the recent crisis in the country has sent their stocks tumbling.

One of the companies affected is monday.com ($MNDY), the cloud-based collaborations firm. As an Israel-based firm, monday’s stock has fallen 17% since the terrorist attack in the country on October 6.

Despite the geopolitical challenges, it’s unlikely that Monday’s performance will be severely affected as the company generates only 6% of its revenue from the Middle East. Its top and bottom line performance is too strong to ignore, and even in the current environment, MNDY is a better buy than Asana ($ASAN), its San Francisco-based rival. Here’s why.

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