monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

monday.com (NASDAQ:MNDY) had its price objective hoisted by research analysts at Needham & Company LLC from $350.00 to $400.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 21.98% from the company’s current price.

A number of other brokerages have also recently weighed in on MNDY. Oppenheimer boosted their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research report on Tuesday, November 12th. Scotiabank reduced their price target on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their price target on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their price target on monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $327.92 on Monday. The business’s 50-day moving average price is $251.31 and its two-hundred day moving average price is $262.68. monday.com has a one year low of $174.75 and a one year high of $342.64. The company has a market capitalization of $15.83 billion, a P/E ratio of 799.80, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, equities analysts anticipate that monday.com will post 0.85 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several large investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new stake in monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in monday.com during the 4th quarter worth approximately $33,000. Signaturefd LLC grew its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

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.