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High flying monday.com stock is a good buy even near 52-week highs
Its software's eating the world
George Babis
September 04, 2024
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monday.com has proven to be one of the most resilient software companies in recent years. Despite going public during the 2021 tech bubble at an inflated valuation, the stock has risen 65% from IPO prices. In contrast, competitors like Atlassian ($TEAM) and Asana ($ASAN) have disappointed investors, with significant losses.
monday.com stock continues to outperform, reaching 52-week highs, driven by rapid and profitable growth. Even at current prices, monday.com remains fairly valued with significant upside potential. Let's take a deeper dive.
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