Monday.com Stock Rebounds After Post-Earnings Drop, Eyes Possible Breakout
- Monday.com stock recovering after recent plunge, setting up potential breakout from new base
- Stock fell despite solid earnings report; guidance disappointed
- Operates popular cloud-based work management platform powered by AI
- Shares up 21% in 2023 but well below 2021 highs
- Expected profit growth to stall in 2023 then accelerate again in 2024