Analysts Set monday.com Ltd. (NASDAQ:MNDY) PT at $126.48

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $126.4783.

Several equities research analysts have weighed in on the company. Canaccord Genuity Group cut their price target on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. UBS Group cut their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Oppenheimer set a $115.00 price target on monday.com in a research report on Monday, May 11th. Piper Sandler increased their price target on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Tigress Financial cut their price target on monday.com to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Advisory Services Network LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of monday.com by 498.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after acquiring an additional 354 shares during the period. Quarry LP acquired a new stake in shares of monday.com during the 4th quarter valued at about $29,000. Finally, Abound Wealth Management acquired a new stake in shares of monday.com during the 4th quarter valued at about $30,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of MNDY opened at $77.57 on Wednesday. The business’s 50-day moving average is $73.57 and its two-hundred day moving average is $98.93. The company has a market capitalization of $3.97 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.98 and a beta of 1.24. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The company had revenue of $351.27 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Analysts forecast that monday.com will post 1.59 EPS for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.