monday.com (NASDAQ:MNDY) PT Raised to $325.00 at Oppenheimer

monday.com (NASDAQ:MNDY) had its price objective lifted by stock analysts at Oppenheimer from $275.00 to $325.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 15.04% from the stock’s current price.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Bank of America boosted their price objective on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group boosted their price objective on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Robert W. Baird boosted their price objective on shares of monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of monday.com in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $303.35.

monday.com Stock Performance

MNDY stock opened at $282.52 on Tuesday. The stock has a market capitalization of $13.64 billion, a P/E ratio of 743.47, a PEG ratio of 13.68 and a beta of 1.32. monday.com has a one year low of $122.13 and a one year high of $293.88. The company has a 50 day moving average price of $268.86 and a two-hundred day moving average price of $236.18.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Research analysts forecast that monday.com will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com in the 3rd quarter valued at about $43,000. Ridgewood Investments LLC bought a new stake in shares of monday.com during the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC grew its position in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com during the 2nd quarter valued at about $69,000. Finally, PNC Financial Services Group Inc. grew its position in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds 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.