Let’s dig into the relative performance of Monday.com (NASDAQ:MNDY) and its peers as we unravel the now-completed Q1 productivity software earnings season.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the productivity software stocks, including Atlassian (NASDAQ:TEAM) and its peers.
As summer kicks off, the S&P 500 is flat, but still within 5% of an all-time high; however, without a clear catalyst, uncertainty is likely to weigh on growth
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes.
This development triggered a significant decline in oil prices, easing inflation concerns.
Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week.
Voice AI recognition company SoundHound (NASDAQ:SOUN) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 151% year on year to $29.13 million. Its non-GAAP loss of $0.06 per share was in line with analysts’ consensus estimates.
