monday.com (NASDAQ:MNDY) Price Target Raised to $400.00

monday.com (NASDAQ:MNDY) had its price objective boosted by The Goldman Sachs Group from $350.00 to $400.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on MNDY. Canaccord Genuity Group upped their price target on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson upped their price target on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler upped their price target on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday. Barclays upped their price target on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Stock Performance

NASDAQ MNDY opened at $320.33 on Tuesday. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market capitalization of $15.46 billion, a PE ratio of 781.29, a P/E/G ratio of 7.67 and a beta of 1.31. The stock has a 50-day simple moving average of $252.51 and a 200 day simple moving average of $263.46.

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

Institutional Investors Weigh In On monday.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the 4th quarter worth $28,000. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter worth $33,000. Signaturefd LLC boosted its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

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.