Analysts Set monday.com Ltd. (NASDAQ:MNDY) Target Price at $358.32

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $354.45.

Several brokerages have recently weighed in on MNDY. Barclays raised their target price on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital lowered their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Monday. Finally, Cantor Fitzgerald lifted their price objective on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th.

Institutional Investors Weigh In On monday.com

Institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its position in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after buying an additional 44 shares during the period. Prudential Financial Inc. grew its holdings in monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC grew its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares in the last quarter. Avior Wealth Management LLC grew its holdings in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after buying an additional 67 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $262.68 on Monday. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 437.80, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business has a 50-day moving average of $267.89 and a 200 day moving average of $269.54. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities research analysts anticipate that monday.com will post 0.46 earnings per share for the current year.

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.