Latest news with #RobOliver
Yahoo
4 days ago
- Business
- Yahoo
Baird Sees Strong AI Potential in monday.com (MNDY), Raises PT to $310
Ltd. (NASDAQ:MNDY) is one of the On August 7, Baird analyst Rob Oliver upgraded the stock from Neutral to Outperform with a price target of $310.00 (from $280.00). The rating change is due to several factors including its strong position in collaborative work management software-aligning with the rise of generative artificial intelligence. 'We view workflow as an intelligence layer for companies to unlock GenAI and Agentic value. Checks via customer conversations, industry events, and covered/private companies point to MNDY as being well positioned in workflow, with an opportunity to exploit this leadership position to deliver broader value.' – Baird analysts Rob Oliver and Patrick Schulz, in a Wednesday investor note. A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor. The firm expects another strong quarter for the Israel-based company. 'As the SaaS space evolves with the evolution of AI, our medium/long-term investment decisions are increasingly driven by the sustainability of platform value. We are upgrading MNDY to Outperform as we see the company leveraging its early CWM lead to execute on this opportunity. Unlike competitors, MNDY has 'productized' its platform in way that delivers value around use-cases and buying centers. We encounter high investor interest among potential holders. We expect solid Q2 results and like the catalyst path into the September user conference and investor day.' Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools. While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Baird Sees Strong AI Potential in monday.com (MNDY), Raises PT to $310
Ltd. (NASDAQ:MNDY) is one of the On August 7, Baird analyst Rob Oliver upgraded the stock from Neutral to Outperform with a price target of $310.00 (from $280.00). The rating change is due to several factors including its strong position in collaborative work management software-aligning with the rise of generative artificial intelligence. 'We view workflow as an intelligence layer for companies to unlock GenAI and Agentic value. Checks via customer conversations, industry events, and covered/private companies point to MNDY as being well positioned in workflow, with an opportunity to exploit this leadership position to deliver broader value.' – Baird analysts Rob Oliver and Patrick Schulz, in a Wednesday investor note. A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor. The firm expects another strong quarter for the Israel-based company. 'As the SaaS space evolves with the evolution of AI, our medium/long-term investment decisions are increasingly driven by the sustainability of platform value. We are upgrading MNDY to Outperform as we see the company leveraging its early CWM lead to execute on this opportunity. Unlike competitors, MNDY has 'productized' its platform in way that delivers value around use-cases and buying centers. We encounter high investor interest among potential holders. We expect solid Q2 results and like the catalyst path into the September user conference and investor day.' Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools. While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
28-03-2025
- Business
- Yahoo
Why ServiceNow Stock Dove by Almost 3% on Wednesday
Investors turned away from business process software stock ServiceNow (NYSE: NOW) on Hump Day. That was on the back of an analyst's price target cut, even though said pundit remained generally optimistic about the company's prospects. Regardless, the market's reaction was expressed in a sell-off that pushed the stock's price down by 2.6%, a steeper fall than the S&P 500's (SNPINDEX: ^GSPC) 1.1% slide. Baird prognosticator Rob Oliver was the individual behind the move. Before the market open, he adjusted his ServiceNow price target downward, to $1,010 per share from his preceding $1,200. That was the bad news for the company and its investors. The good news was that Oliver maintained his outperform (read: buy) recommendation on the stock. The continued bullishness wasn't exactly comforting to investors, as a $190 per-share price target reduction is substantial. Oliver's reasoning wasn't immediately apparent, but it's hardly out of character for analysts tracking ServiceNow's stock. Last week, for example, Scotiabank's Allan Verkhovski made a roughly similar cut, reducing his fair-value assessment to $1,050 per ServiceNow share; previously he had flagged it as being worth $1,230. Like Oliver, he kept his equivalent of a buy recommendation intact. ServiceNow is clearly an ambitious company; one recent investor pullback was in reaction to its $2.85 billion deal to acquire artificial intelligence (AI) developer Moveworks. While such moves are grand and expensive, they indicate a management team that has lofty goals for the company and are busy devising ways to realize them. I wouldn't be overly concerned with a relatively minor price target cut. Before you buy stock in ServiceNow, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ServiceNow wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $739,720!* Now, it's worth noting Stock Advisor's total average return is 870% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ServiceNow. The Motley Fool recommends Bank Of Nova Scotia. The Motley Fool has a disclosure policy. Why ServiceNow Stock Dove by Almost 3% on Wednesday was originally published by The Motley Fool Sign in to access your portfolio
