monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, Tigress Financial Analyst Says

monday.com (NASDAQ:MNDY) had its target price upped by equities research analysts at Tigress Financial from $340.00 to $450.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s target price points to a potential upside of 44.90% from the stock’s previous close.

A number of other brokerages also recently weighed in on MNDY. Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Cantor Fitzgerald increased their price objective on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.32.

monday.com Stock Performance

NASDAQ MNDY traded up $2.55 during trading hours on Friday, reaching $310.56. 219,293 shares of the company’s stock were exchanged, compared to its average volume of 1,135,421. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 520.61, a price-to-earnings-growth ratio of 16.54 and a beta of 1.31. The company’s 50-day moving average is $255.54 and its two-hundred day moving average is $266.68. monday.com has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Research analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after buying an additional 1,189,858 shares in the last quarter. Jennison Associates LLC increased its position in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after purchasing an additional 14,304 shares in the last quarter. State Street Corp lifted its position in shares of monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after purchasing an additional 21,585 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after purchasing an additional 403,255 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.