monday.com (NASDAQ:MNDY) Price Target Lowered to $195.00 at Bank of America

monday.com (NASDAQ:MNDY) had its target price reduced by Bank of America from $205.00 to $195.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

MNDY has been the subject of a number of other research reports. Wells Fargo & Company initiated coverage on monday.com in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $260.00 price target for the company. Piper Sandler dropped their price objective on monday.com from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, September 18th. Morgan Stanley upgraded monday.com from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $330.00 to $260.00 in a research report on Tuesday, August 12th. Cantor Fitzgerald lowered their price target on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. Finally, Baird R W upgraded monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

monday.com Trading Down 0.6%

monday.com stock opened at $165.18 on Tuesday. The firm has a 50 day moving average of $192.10 and a 200 day moving average of $241.55. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 134.29, a P/E/G ratio of 7.85 and a beta of 1.24. monday.com has a 12-month low of $151.00 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. The business had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 6.21%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MNDY. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. Public Sector Pension Investment Board increased its stake in monday.com by 8.7% during the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company’s stock worth $4,538,000 after acquiring an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC increased its stake in monday.com by 34.5% during the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company’s stock worth $99,443,000 after acquiring an additional 104,968 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the period. Finally, Nuveen LLC bought a new stake in shares of monday.com in the 1st quarter valued at approximately $23,078,000. 73.70% of the stock is currently owned by institutional investors.

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.