monday.com Ltd. (NASDAQ:MNDY) Receives $270.19 Consensus Target Price from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $270.1905.

Several research firms have recently commented on MNDY. JPMorgan Chase & Co. reduced their price target on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Bank of America cut their price objective on shares of monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Wells Fargo & Company reduced their target price on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. TD Cowen dropped their price target on shares of monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Finally, Robert W. Baird cut their price target on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th.

monday.com Price Performance

Shares of monday.com stock opened at $144.97 on Friday. The stock’s 50 day simple moving average is $183.63 and its 200-day simple moving average is $232.09. The stock has a market cap of $7.36 billion, a P/E ratio of 117.86, a P/E/G ratio of 5.84 and a beta of 1.24. monday.com has a 1-year low of $141.58 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter 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. As a group, research analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ASR Vermogensbeheer N.V. purchased a new position in shares of monday.com during the 1st quarter worth $25,000. Summit Securities Group LLC acquired a new position in monday.com in the first quarter valued at about $25,000. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the period. Advisory Services Network LLC purchased a new position in monday.com during the third quarter worth about $28,000. Finally, Promus Capital LLC acquired a new stake in shares of monday.com during the second quarter valued at about $45,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.