The Goldman Sachs Group Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY) had its price objective boosted by The Goldman Sachs Group from $350.00 to $400.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

MNDY has been the topic of a number of other reports. Cantor Fitzgerald upped their price target on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler upped their price target on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird upped their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Trading Up 0.4 %

MNDY opened at $327.92 on Tuesday. The stock has a market cap of $15.83 billion, a PE ratio of 799.80, a P/E/G ratio of 7.67 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 stock’s 50 day simple moving average is $251.31 and its 200-day simple moving average is $262.68.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results 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 2.39% and a return on equity of 4.99%. Equities analysts forecast that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Large investors have recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in monday.com in the fourth quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new position in monday.com in the fourth quarter valued at about $33,000. Signaturefd LLC lifted its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.