monday.com (NASDAQ:MNDY) Price Target Increased to $325.00 by Analysts at Oppenheimer

monday.com (NASDAQ:MNDY) had its target price boosted by Oppenheimer from $275.00 to $325.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Bank of America boosted their target price on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of monday.com in a research report on Thursday, September 26th. Tigress Financial boosted their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Capital One Financial initiated coverage on shares of monday.com in a report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.35.

monday.com Price Performance

NASDAQ:MNDY opened at $299.61 on Tuesday. The stock has a market cap of $14.47 billion, a PE ratio of 374.51, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $302.57. The stock’s 50-day moving average is $270.78 and its two-hundred day moving average is $237.51.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. On average, equities research analysts anticipate that monday.com will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in shares of monday.com during the first quarter valued at approximately $76,534,000. Clearbridge Investments LLC increased its holdings in monday.com by 2,851.5% in the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock valued at $77,818,000 after buying an additional 332,852 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after acquiring an additional 188,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of monday.com by 171.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock valued at $65,938,000 after acquiring an additional 172,919 shares in 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.