Analysts Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $132.78

monday.com Ltd. (NASDAQ:MNDYGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $132.7826.

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Wolfe Research restated an “outperform” rating and issued a $95.00 target price on shares of monday.com in a report on Monday, February 9th. Jefferies Financial Group restated a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Bank of America dropped their target price on shares of monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th.

Check Out Our Latest Research Report on monday.com

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares during the period. CoreCap Advisors LLC raised its holdings in shares of monday.com by 29.8% during the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after purchasing an additional 89 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of monday.com by 5.3% during the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after purchasing an additional 91 shares during the period. NewEdge Advisors LLC raised its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of monday.com by 84.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock valued at $57,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $78.04 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The firm’s fifty day moving average is $70.26 and its 200-day moving average is $110.61. monday.com has a 52 week low of $57.50 and a 52 week high of $316.98.

monday.com (NASDAQ:MNDYGet Free Report) last released its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Sell-side analysts forecast that monday.com will post 1.83 EPS for the current year.

monday.com Company Profile

(Get Free Report)

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.

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Analyst Recommendations for monday.com (NASDAQ:MNDY)

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