monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at The Goldman Sachs Group

monday.com (NASDAQ:MNDY) had its price objective increased by analysts at The Goldman Sachs Group from $350.00 to $400.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 25.89% from the company’s previous close.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. raised their price target on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler increased their price objective on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday. Scotiabank upped their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. Finally, Jefferies Financial Group upped their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Price Performance

Shares of MNDY opened at $317.73 on Tuesday. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The stock has a 50 day simple moving average of $251.81 and a two-hundred day simple moving average of $263.06. The firm has a market cap of $15.34 billion, a P/E ratio of 774.95, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, equities analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

A number of hedge funds have recently made changes to their positions in MNDY. China Universal Asset Management Co. Ltd. purchased a new stake in monday.com during the 3rd quarter valued at $1,667,000. International Assets Investment Management LLC purchased a new stake in shares of monday.com during the third quarter valued at $21,989,000. Taylor Frigon Capital Management LLC purchased a new stake in shares of monday.com during the third quarter valued at $1,311,000. Jennison Associates LLC increased its holdings in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after buying an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after buying an additional 2,196 shares during 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.