monday.com (NASDAQ:MNDY) Price Target Raised to $380.00

monday.com (NASDAQ:MNDY) had its price target raised by Cantor Fitzgerald from $292.00 to $380.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday. Barclays increased their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer raised their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Trading Up 0.8 %

Shares of MNDY stock opened at $320.33 on Tuesday. The stock has a market cap of $15.46 billion, a P/E ratio of 781.29, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. The stock has a 50 day simple moving average of $252.51 and a 200 day simple moving average of $263.46. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. Analysts forecast that monday.com will post 0.85 EPS for the current year.

Hedge Funds Weigh In On monday.com

Several institutional investors have recently bought and sold shares of the business. FMR LLC increased its stake in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after buying an additional 1,189,858 shares during the period. Norges Bank purchased a new stake in shares of monday.com during the fourth quarter worth about $116,686,000. SG Americas Securities LLC lifted its holdings in shares of monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after purchasing an additional 434,035 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after purchasing an additional 403,255 shares during the period. Finally, Jennison Associates LLC lifted its holdings in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 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.