monday.com (NASDAQ:MNDY) Price Target Raised to $400.00 at JPMorgan Chase & Co.

monday.com (NASDAQ:MNDY) had its price target increased by JPMorgan Chase & Co. from $350.00 to $400.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently weighed in on MNDY. Scotiabank dropped their price target on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, January 16th. Piper Sandler upped their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Stock Performance

MNDY stock opened at $327.92 on Tuesday. The stock’s 50 day simple moving average is $251.31 and its 200 day simple moving average is $262.68. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The company has a market cap of $15.83 billion, a P/E ratio of 799.80, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Equities analysts predict that monday.com will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in monday.com in the fourth quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com in the fourth quarter valued at $28,000. R Squared Ltd bought a new position in monday.com in the fourth quarter valued at $33,000. Signaturefd LLC increased its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. Institutional investors 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.