MNDY

Shares of enterprise software names are ripping higher at the end of Tuesday trading, bucking a broad tech selloff.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 18th:

monday.com remains in a deep bear market, down over 50% in the past year despite broader software sector recovery. The company recently announced a layoff of 20% of its staff in July, which will help position monday for GAAP profitability and manage its dilution levels. MNDY rolled out credits-based pricing for its AI models in May, which may help position the company to reaccelerate its net expansion rates.

Advanced Micro Devices (AMD -1.63%) primarily generates revenue by designing, developing, and selling advanced microprocessors, discrete graphics processing units, and highly customized system-on-chip hardware solutions to major global computer manufacturers, enterprise cloud service providers, and retail consumers.

Monday.com (MNDY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Monday.com (MNDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in Monday.com (MNDY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

MNDY tops Q2 estimates as revenues rise 22%, operating margin expands and AI product ARR doubles from Q1 amid growing enterprise traction.

Monday.com shares fell sharply on Monday after the work management software company issued third-quarter revenue guidance that fell short of Wall Street expectations, overshadowing stronger-than-expected second-quarter earnings and continued momentum in its artificial intelligence business. MNDY shares dropped more than 6% after the company projected third-quarter revenue of $368 million to $370 million, representing growth of 16% to 17%.

monday.com (NASDAQ:MNDY) shares fell about 6% on Monday after the software company issued third quarter revenue guidance that came in slightly below Wall Street expectations, overshadowing a second quarter earnings and revenue beat. For the third quarter, monday.com forecast revenue of $368 million to $370 million, representing year-over-year growth of 16% to 17%.