monday.com (NASDAQ:MNDY) Price Target Cut to $236.00 by Analysts at Morgan Stanley

monday.com (NASDAQ:MNDY) had its target price trimmed by Morgan Stanley from $260.00 to $236.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of monday.com in a research note on Thursday, September 18th. DA Davidson dropped their price target on shares of monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. Piper Sandler lowered their target price on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Zacks Research upgraded shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $270.19.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $165.18 on Tuesday. monday.com has a 52 week low of $151.00 and a 52 week high of $342.64. The firm has a market cap of $8.39 billion, a PE ratio of 134.29, a price-to-earnings-growth ratio of 7.85 and a beta of 1.24. The firm’s fifty day moving average is $192.10 and its 200-day moving average is $241.55.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.27. The business had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 6.21% and a net margin of 5.58%.monday.com’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

Several large investors have recently made changes to their positions in MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of monday.com during the first quarter valued at approximately $25,000. NewEdge Advisors LLC increased its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Promus Capital LLC acquired a new position in shares of monday.com during the second quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of monday.com by 575.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.