monday.com Ltd. (NASDAQ:MNDY) Receives $155.38 Consensus Price Target from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nineteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $155.3750.

Several brokerages recently weighed in on MNDY. Citigroup decreased their target price on monday.com from $230.00 to $176.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Morgan Stanley dropped their price target on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Wolfe Research restated an “outperform” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, February 9th. Oppenheimer lowered their price objective on shares of monday.com from $200.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $90.00 target price (down from $175.00) on shares of monday.com in a report on Tuesday, February 10th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its position in shares of monday.com by 2.8% during the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after acquiring an additional 115,353 shares during the last quarter. Capital World Investors grew its holdings in shares of monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after acquiring an additional 1,569,198 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of monday.com by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after purchasing an additional 150,987 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of monday.com by 15.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after purchasing an additional 165,996 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of monday.com by 7.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock valued at $166,609,000 after purchasing an additional 74,800 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

MNDY opened at $78.70 on Monday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. monday.com has a 1-year low of $68.68 and a 1-year high of $316.98. The business has a 50 day moving average price of $107.87 and a two-hundred day moving average price of $152.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company had revenue of $333.88 million for the quarter, compared to analysts’ expectations of $329.71 million. During the same period last year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

monday.com Company Profile

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.