Brokerages Set monday.com Ltd. (NASDAQ:MNDY) Target Price at $290.81

Shares of monday.com Ltd. (NASDAQ:MNDY) have received an average rating of “Moderate Buy” from the twenty-six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $290.8095.

MNDY has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on shares of monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Robert W. Baird lowered their target price on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Barclays cut their price target on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of monday.com in a research report on Thursday, September 18th. Finally, Cantor Fitzgerald decreased their price target on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research note on Thursday, September 18th.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently made changes to their positions in MNDY. Spire Wealth Management lifted its stake in shares of monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company’s stock valued at $139,000 after purchasing an additional 42 shares during the period. CWM LLC increased its holdings in monday.com by 31.3% in the second quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after buying an additional 50 shares in the last quarter. Dakota Wealth Management lifted its position in shares of monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after acquiring an additional 52 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in shares of monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares in the last quarter. Finally, Chicago Capital LLC grew its holdings in shares of monday.com by 3.6% in the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after acquiring an additional 55 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $205.12 on Tuesday. monday.com has a one year low of $166.22 and a one year high of $342.64. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 277.19, a PEG ratio of 9.70 and a beta of 1.24. The company has a 50-day simple moving average of $192.77 and a 200-day simple moving average of $244.46.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm had revenue of $299.01 million for the quarter, compared to analysts’ expectations of $293.60 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that monday.com will post 0.46 EPS for the current fiscal year.

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.