monday.com (NASDAQ:MNDY) Price Target Raised to $375.00

monday.com (NASDAQ:MNDY) had its target price boosted by analysts at Canaccord Genuity Group from $310.00 to $375.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 18.02% from the stock’s previous close.

A number of other brokerages also recently weighed in on MNDY. Jefferies Financial Group upped their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and reduced their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Needham & Company LLC boosted their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson raised their price objective on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $317.73 on Tuesday. The business’s 50 day simple moving average is $251.81 and its 200 day simple moving average is $263.06. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The company has a market capitalization of $15.34 billion, a P/E ratio of 774.95, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly 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 return on equity of 4.99% and a net margin of 2.39%. On average, sell-side analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BloombergSen Inc. raised its position in shares of monday.com by 7.8% in the 4th quarter. BloombergSen Inc. now owns 3,634 shares of the company’s stock worth $856,000 after acquiring an additional 262 shares in the last quarter. Trexquant Investment LP acquired a new stake in monday.com during the fourth quarter worth approximately $6,694,000. Headlands Technologies LLC bought a new stake in monday.com in the fourth quarter worth approximately $3,160,000. Geode Capital Management LLC lifted its stake in monday.com by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 348,594 shares of the company’s stock valued at $81,770,000 after buying an additional 17,817 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of monday.com during the 4th quarter worth approximately $216,000. 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.