monday.com (NASDAQ:MNDY) Given New $250.00 Price Target at Piper Sandler

monday.com (NASDAQ:MNDY) had its price target decreased by analysts at Piper Sandler from $275.00 to $250.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 50.41% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of monday.com in a research report on Tuesday. Barclays dropped their target price on monday.com from $345.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Citigroup boosted their price objective on shares of monday.com from $326.00 to $332.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Cantor Fitzgerald dropped their price objective on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $288.52.

monday.com Price Performance

monday.com stock opened at $166.21 on Tuesday. monday.com has a fifty-two week low of $151.00 and a fifty-two week high of $342.64. The firm’s 50 day simple moving average is $192.54 and its 200-day simple moving average is $242.32. The company has a market cap of $8.44 billion, a P/E ratio of 224.61, a price-to-earnings-growth ratio of 8.96 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

Several large investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC raised its holdings in shares of monday.com by 2.8% during the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after purchasing an additional 115,353 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after purchasing an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. increased its position in monday.com by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after buying an additional 150,987 shares during the last quarter. Rubicon Global Capital Ltd raised its holdings in monday.com by 155.3% during the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after buying an additional 877,700 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in monday.com by 98.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after buying an additional 458,794 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

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.