monday.com (NASDAQ:MNDY) Given New $120.00 Price Target at Wells Fargo & Company

monday.com (NASDAQ:MNDY) had its price objective reduced by equities researchers at Wells Fargo & Company from $130.00 to $120.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 35.41% from the stock’s previous close.

Several other brokerages have also commented on MNDY. UBS Group decreased their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Oppenheimer set a $115.00 price target on monday.com in a report on Monday, May 11th. Capital One Financial downgraded monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective for the company. in a research report on Monday. TD Cowen boosted their price objective on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $124.75.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $88.62 on Tuesday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 4.66 and a beta of 1.24. The firm’s 50 day simple moving average is $80.61 and its 200-day simple moving average is $79.34. monday.com has a 12 month low of $57.50 and a 12 month high of $220.80.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.34. The business had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. Analysts anticipate that monday.com will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of monday.com during the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the last quarter. Quarry LP acquired a new stake in shares of monday.com in the 4th quarter worth $29,000. Finally, Huntington National Bank boosted its holdings in shares of monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com News Roundup

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: monday.com reported second-quarter adjusted earnings of $1.48 per share, above the $1.14 consensus estimate, while revenue of $364.6 million exceeded expectations of $355.6 million and increased approximately 22% year over year. Monday.com Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: BTIG Research reaffirmed its “buy” rating and set a $105 price target, implying meaningful upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: Piper Sandler maintained a “neutral” rating with a $90 price target, while Capital One downgraded the stock from “overweight” to “equal weight” but retained a $95 target. Analyst rating coverage
• Negative Sentiment: Third-quarter revenue guidance of $368 million to $370 million was below the $372.8 million consensus estimate and implies growth of roughly 16% to 17%. The outlook, combined with unchanged full-year guidance, raised concerns about slowing growth despite the quarterly beat. Monday.com stock outlook and AI progress
• Negative Sentiment: The company’s transition toward its AI Work Platform and enterprise customers includes a reported workforce reduction of approximately 20%, or 630 employees. Investors may view the restructuring as evidence of execution risk and near-term disruption, even as AI adoption remains a potential long-term growth driver. Monday.com earnings, outlook and restructuring analysis

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.