Monday.com Stock Surges. Software Is the Hot AI Play Now. - Barron's
1. Monday.com reported a profit of $1.08 per share, exceeding expectations. 2. Revenue rose 32% year-over-year to $268 million, surpassing analyst forecasts. 3. AI initiatives launched post-beta testing expand service offerings and investor optimism. 4. Analyst Arjun Bhatia maintains Outperform rating, citing long-term platform potential. 5. Stock trades up 25% in premarket, nearing highest price since 2021.