The Goldman Sachs Group Raises monday.com (NASDAQ:MNDY) Price Target to $300.00

monday.com (NASDAQ:MNDYFree Report) had its price target hoisted by The Goldman Sachs Group from $270.00 to $300.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on MNDY. KeyCorp initiated coverage on shares of monday.com in a research report on Thursday, March 21st. They issued an overweight rating and a $275.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on monday.com from $230.00 to $270.00 and gave the company an overweight rating in a research report on Monday, March 25th. Wells Fargo & Company assumed coverage on monday.com in a research report on Tuesday, April 9th. They issued an overweight rating and a $260.00 price target for the company. Bank of America began coverage on monday.com in a research report on Monday, February 26th. They set a buy rating and a $280.00 price objective on the stock. Finally, Piper Sandler reissued an overweight rating and issued a $270.00 target price (up from $250.00) on shares of monday.com in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $252.50.

Get Our Latest Stock Report on MNDY

monday.com Stock Up 0.2 %

NASDAQ MNDY opened at $228.83 on Thursday. The company has a 50-day moving average price of $204.81 and a 200-day moving average price of $196.00. monday.com has a 52 week low of $122.13 and a 52 week high of $239.22. The firm has a market capitalization of $11.05 billion, a P/E ratio of 602.20 and a beta of 1.24.

Institutional Investors Weigh In On monday.com

Hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in shares of monday.com during the 1st quarter valued at about $728,521,000. Price T Rowe Associates Inc. MD raised its holdings in monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after buying an additional 31,304 shares during the period. Acadian Asset Management LLC lifted 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 worth $181,124,000 after buying an additional 300,011 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in monday.com by 12.1% during the fourth quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock worth $161,573,000 after buying an additional 92,600 shares during the period. Finally, Jennison Associates LLC increased its position in 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 acquiring an additional 84,182 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

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