monday.com (NASDAQ:MNDY) Price Target Increased to $280.00 by Analysts at KeyCorp

monday.com (NASDAQ:MNDYFree Report) had its price target lifted by KeyCorp from $275.00 to $280.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on MNDY. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $230.00 to $270.00 and gave the company an overweight rating in a research note on Monday, March 25th. DA Davidson reiterated a neutral rating and issued a $190.00 target price on shares of monday.com in a research note on Tuesday, February 13th. Needham & Company LLC raised their price target on monday.com from $230.00 to $250.00 and gave the stock a buy rating in a research note on Wednesday. Piper Sandler reiterated an overweight rating and set a $270.00 price objective (up from $250.00) on shares of monday.com in a report on Wednesday. Finally, Bank of America initiated coverage on shares of monday.com in a research report on Monday, February 26th. They set a buy rating and a $280.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $252.50.

Read Our Latest Analysis on monday.com

monday.com Price Performance

Shares of MNDY opened at $228.83 on Thursday. monday.com has a 1-year low of $122.13 and a 1-year high of $239.22. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 602.20 and a beta of 1.24. The firm has a 50 day simple moving average of $204.81 and a 200-day simple moving average of $196.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MNDY. WCM Investment Management LLC acquired a new stake in shares of monday.com in the first quarter valued at about $728,521,000. Price T Rowe Associates Inc. MD boosted its holdings in monday.com by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after acquiring an additional 31,304 shares during the period. Acadian Asset Management LLC grew its position in monday.com by 35.8% in the third quarter. Acadian Asset Management LLC now owns 1,137,850 shares of the company’s stock valued at $181,124,000 after acquiring an additional 300,011 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of monday.com by 12.1% during the fourth quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock valued at $161,573,000 after purchasing an additional 92,600 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of monday.com by 12.1% during the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock valued at $176,665,000 after purchasing an additional 84,182 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Company Profile

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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.

Further Reading

Analyst Recommendations for monday.com (NASDAQ:MNDY)

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