monday.com (MNDY) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for monday.com (NASDAQ: MNDY):

• 8/13/2024 – monday.com had its price target raised by analysts at JPMorgan Chase & Co. from $270.00 to $300.00. They now have an “overweight” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at Barclays PLC from $275.00 to $300.00. They now have an “overweight” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at DA Davidson from $230.00 to $250.00. They now have a “neutral” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at UBS Group AG from $240.00 to $280.00. They now have a “neutral” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at Robert W. Baird from $250.00 to $265.00. They now have a “neutral” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at TD Cowen from $275.00 to $300.00. They now have a “buy” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at Bank of America Co. from $280.00 to $300.00. They now have a “buy” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at Loop Capital from $245.00 to $285.00. They now have a “buy” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at The Goldman Sachs Group, Inc. from $300.00 to $340.00. They now have a “buy” rating on the stock.
• 8/13/2024 – monday.com had its price target raised by analysts at Canaccord Genuity Group Inc. from $250.00 to $295.00. They now have a “buy” rating on the stock.
• 8/12/2024 – monday.com had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $300.00 price target on the stock, up previously from $270.00.
• 8/12/2024 – monday.com had its price target raised by analysts at Needham & Company LLC from $250.00 to $300.00. They now have a “buy” rating on the stock.
• 7/23/2024 – monday.com is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $250.00 price target on the stock.
• 7/23/2024 – monday.com was upgraded by analysts at Baird R W to a “hold” rating.
• 7/12/2024 – monday.com had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $270.00 price target on the stock.
• 7/9/2024 – monday.com is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $300.00 price target on the stock.
• 7/2/2024 – monday.com had its price target lowered by analysts at KeyCorp from $280.00 to $270.00. They now have an “overweight” rating on the stock.
• 6/26/2024 – monday.com is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $275.00 price target on the stock.
• 6/24/2024 – monday.com had its “outperform” rating reaffirmed by analysts at William Blair.
• 6/17/2024 – monday.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $250.00 price target on the stock.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $259.36 on Thursday. The stock’s 50-day moving average is $230.69 and its two-hundred day moving average is $219.34. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $265.97. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 682.53, a price-to-earnings-growth ratio of 43.41 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.25. monday.com had a return on equity of 2.42% and a net margin of 2.53%. The business had revenue of $216.91 million for the quarter, compared to the consensus estimate of $210.33 million. Equities research analysts anticipate that monday.com Ltd. will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MNDY. APG Asset Management N.V. lifted its position in monday.com by 290.7% during the 2nd quarter. APG Asset Management N.V. now owns 5,751 shares of the company’s stock worth $1,292,000 after acquiring an additional 4,279 shares during the period. Toronto Dominion Bank acquired a new stake in shares of monday.com in the 2nd quarter valued at approximately $120,000. Interval Partners LP acquired a new stake in shares of monday.com in the 2nd quarter valued at approximately $10,666,000. Tairen Capital Ltd lifted its holdings in shares of monday.com by 71.4% in the 2nd quarter. Tairen Capital Ltd now owns 6,000 shares of the company’s stock valued at $1,445,000 after buying an additional 2,500 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of monday.com by 11.1% in the 2nd quarter. Bank of Montreal Can now owns 14,601 shares of the company’s stock valued at $3,523,000 after buying an additional 1,464 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.