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

monday.com (NASDAQ:MNDY) had its price target trimmed by Morgan Stanley from $260.00 to $236.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on MNDY. TD Cowen cut their price objective on monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Barclays cut their price target on monday.com from $258.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, Cantor Fitzgerald reduced their price target on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $160.61 on Tuesday. The business has a 50 day simple moving average of $191.14 and a 200 day simple moving average of $240.42. monday.com has a 52 week low of $151.00 and a 52 week high of $342.64. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 130.58, a PEG ratio of 7.49 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC boosted its holdings in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after purchasing an additional 115,353 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after buying an additional 745,686 shares during the period. JPMorgan Chase & Co. lifted its position in shares of monday.com by 9.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after buying an additional 150,987 shares during the period. Capital World Investors boosted its stake in monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after buying an additional 1,198,761 shares in the last quarter. Finally, Rubicon Global Capital Ltd grew its position in monday.com by 155.3% in the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after acquiring an additional 877,700 shares during the period. Institutional investors 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.