Tigress Financial Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY) had its price objective increased by equities research analysts at Tigress Financial from $340.00 to $450.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s target price would suggest a potential upside of 49.68% from the company’s previous close.

A number of other research firms also recently issued reports on MNDY. Barclays boosted their target price on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, DA Davidson boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Price Performance

Shares of MNDY opened at $300.65 on Friday. The firm has a market capitalization of $14.51 billion, a PE ratio of 501.08, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The company’s fifty day moving average price is $256.10 and its 200-day moving average price is $267.77.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, research analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. acquired a new position in shares of monday.com during the 3rd quarter worth about $1,667,000. International Assets Investment Management LLC acquired a new position in shares of monday.com during the 3rd quarter worth about $21,989,000. Jennison Associates LLC raised its position in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of monday.com by 6.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of monday.com during the 3rd quarter worth about $673,000. Institutional investors and hedge funds 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.