Analysts Set monday.com Ltd. (NASDAQ:MNDY) Target Price at $310.68

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given an average rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $310.68.

A number of brokerages have recently commented on MNDY. Cantor Fitzgerald began coverage on shares of monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird lifted their price target on shares of monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Canaccord Genuity Group lifted their price target on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Oppenheimer lifted their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

monday.com Trading Down 3.3 %

Shares of MNDY stock opened at $241.86 on Friday. The company’s fifty day simple moving average is $253.17 and its 200-day simple moving average is $260.00. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99. The company has a market cap of $11.68 billion, a PE ratio of 589.90, a P/E/G ratio of 6.29 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. Equities research analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in monday.com during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in monday.com during the 4th quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the 3rd quarter valued at about $43,000. Toronto Dominion Bank acquired a new position in monday.com during the 2nd quarter valued at about $120,000. Finally, Vestcor Inc boosted its stake in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the period. Institutional investors 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.