Cantor Fitzgerald Boosts monday.com (NASDAQ:MNDY) Price Target to $380.00

monday.com (NASDAQ:MNDY) had its target price upped by Cantor Fitzgerald from $292.00 to $380.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 19.60% from the stock’s previous close.

MNDY has been the topic of several other research reports. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price target for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird upped their price target on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday. Finally, Canaccord Genuity Group upped their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Trading Down 3.1 %

NASDAQ MNDY opened at $317.73 on Tuesday. The stock has a market cap of $15.34 billion, a P/E ratio of 774.95, 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 company has a fifty day simple moving average of $251.81 and a two-hundred day simple moving average of $263.06.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, sell-side analysts forecast that monday.com will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after purchasing an additional 798,791 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after buying an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of monday.com by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after buying an additional 14,304 shares during the last quarter. State Street Corp lifted its stake in shares of monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after buying an additional 21,585 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Company Profile

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.