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

monday.com (NASDAQ:MNDY) had its price target raised by Cantor Fitzgerald from $292.00 to $380.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

MNDY has been the topic of several other research reports. Piper Sandler increased their target price on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays raised their price target on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research note on Tuesday. Finally, Needham & Company LLC raised their price target on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Stock Up 0.8 %

Shares of monday.com stock opened at $320.33 on Tuesday. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The business’s fifty day simple moving average is $252.51 and its 200-day simple moving average is $263.46. The firm has a market cap of $15.46 billion, a PE ratio of 781.29, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly 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 net margin of 2.39% and a return on equity of 4.99%. As a group, equities analysts expect that monday.com will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Institutional investors have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. bought a new position in shares of monday.com during the third quarter valued at approximately $1,667,000. International Assets Investment Management LLC bought a new position in shares of monday.com during the third quarter valued at approximately $21,989,000. Taylor Frigon Capital Management LLC bought a new position in shares of monday.com during the third quarter valued at approximately $1,311,000. Jennison Associates LLC grew its holdings in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of monday.com by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after purchasing an additional 2,196 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.