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

monday.com (NASDAQ:MNDY) had its target price boosted by research analysts at Wells Fargo & Company from $315.00 to $330.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 11.13% from the company’s current price.

MNDY has been the topic of a number of other reports. Robert W. Baird upped their price objective on monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. TD Cowen upped their price objective on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Oppenheimer upped their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Tigress Financial upped their target price on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Wolfe Research began coverage on monday.com in a research report on Tuesday, July 9th. They set an “outperform” rating and a $300.00 target price for the company. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.10.

monday.com Trading Up 0.4 %

MNDY stock opened at $296.95 on Monday. The firm has a market capitalization of $14.34 billion, a PE ratio of 372.50, a PEG ratio of 14.06 and a beta of 1.31. monday.com has a 1-year low of $128.62 and a 1-year high of $306.80. The business’s 50 day simple moving average is $274.68 and its 200 day simple moving average is $242.54.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. As a group, sell-side analysts predict that monday.com will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after acquiring an additional 31,304 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after buying an additional 188,800 shares during the period. 1832 Asset Management L.P. lifted its holdings in monday.com by 34.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after buying an additional 170,800 shares during the period. Eminence Capital LP grew its position in shares of monday.com by 1.4% in the 2nd quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock valued at $113,330,000 after buying an additional 6,349 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of monday.com by 33.0% in the first quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company’s stock valued at $93,868,000 after buying an additional 103,094 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.