monday.com Ltd. (NASDAQ:MNDY) Receives $297.60 Consensus Target Price from Brokerages

monday.com Ltd. (NASDAQ:MNDY) has earned an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $303.35.

MNDY has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target 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. DA Davidson boosted their price objective on shares of monday.com from $250.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Piper Sandler boosted their price objective on shares of monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Monday. Tigress Financial boosted their price objective on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of monday.com in a report on Thursday, September 26th.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $297.27 on Friday. monday.com has a twelve month low of $122.13 and a twelve month high of $297.27. The firm has a market cap of $14.35 billion, a PE ratio of 782.29, a price-to-earnings-growth ratio of 13.68 and a beta of 1.32. The business has a fifty day moving average of $269.32 and a 200-day moving average of $236.51.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. On average, analysts anticipate that monday.com will post 0.49 EPS for the current fiscal year.

Institutional Trading of monday.com

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com during the 3rd quarter worth $43,000. Ridgewood Investments LLC purchased a new position in shares of monday.com in the 2nd quarter worth about $45,000. Gilliland Jeter Wealth Management LLC raised its stake in monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in monday.com during the second quarter valued at about $69,000. Finally, PNC Financial Services Group Inc. lifted its holdings in monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.