Robert W. Baird Increases monday.com (NASDAQ:MNDY) Price Target to $335.00

monday.com (NASDAQ:MNDY) had its price objective boosted by Robert W. Baird from $275.00 to $335.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 2.58% from the company’s previous close.

Several other equities research analysts have also weighed in on MNDY. 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 report on Monday. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Finally, Needham & Company LLC increased their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $335.23.

monday.com Trading Up 26.5 %

MNDY stock opened at $326.58 on Tuesday. The firm has a market cap of $15.77 billion, a P/E ratio of 796.54, a P/E/G ratio of 7.67 and a beta of 1.31. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The stock’s 50 day simple moving average is $250.37 and its 200 day simple moving average is $262.04.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (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%. On average, research analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vinva Investment Management Ltd acquired a new position in shares of monday.com in the 4th quarter valued at $804,000. Andar Capital Management HK Ltd acquired a new position in shares of monday.com in the 4th quarter valued at $2,373,000. Signaturefd LLC boosted its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. Polen Capital Management LLC acquired a new position in shares of monday.com in the 4th quarter valued at $12,522,000. Finally, Corient Private Wealth LLC boosted its position in shares of monday.com by 9.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,541 shares of the company’s stock valued at $363,000 after purchasing an additional 138 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.