Morgan Stanley Cuts monday.com (NASDAQ:MNDY) Price Target to $236.00

monday.com (NASDAQ:MNDY) had its price objective reduced by investment analysts at Morgan Stanley from $260.00 to $236.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 40.44% from the company’s previous close.

Several other research analysts have also recently weighed in on MNDY. Zacks Research raised shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Oppenheimer began coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price target on the stock. Cantor Fitzgerald decreased their target price on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research note on Thursday, September 18th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a report on Wednesday, October 8th. Finally, Baird R W upgraded monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.52.

monday.com Stock Performance

NASDAQ:MNDY traded up $1.84 during trading hours on Tuesday, hitting $168.05. The stock had a trading volume of 1,294,196 shares, compared to its average volume of 1,000,079. monday.com has a one year low of $151.00 and a one year high of $342.64. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 227.10, a P/E/G ratio of 8.96 and a beta of 1.24. The business’s 50 day moving average is $192.54 and its 200-day moving average is $242.32.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MNDY. ASR Vermogensbeheer N.V. bought a new stake in monday.com in the first quarter valued at $25,000. Summit Securities Group LLC bought a new position in monday.com during the 1st quarter valued at $25,000. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Promus Capital LLC bought a new stake in shares of monday.com in the 2nd quarter worth $45,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares during 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.