Piper Sandler Increases monday.com (NASDAQ:MNDY) Price Target to $340.00

monday.com (NASDAQ:MNDY) had its price objective boosted by Piper Sandler from $300.00 to $340.00 in a research note issued to investors on Monday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms have also issued reports on MNDY. Tigress Financial raised their price target on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Loop Capital raised their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. The Goldman Sachs Group raised their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Barclays raised their price target on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, KeyCorp lowered their price target on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and a consensus target price of $303.35.

monday.com Price Performance

NASDAQ:MNDY opened at $282.52 on Monday. The firm’s 50 day simple moving average is $268.86 and its 200 day simple moving average is $236.18. monday.com has a one year low of $122.13 and a one year high of $293.88. The company has a market cap of $13.64 billion, a PE ratio of 743.47, a P/E/G ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The business had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. Equities research analysts expect that monday.com will post 0.49 EPS for the current year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. bought a new stake in monday.com during the 3rd quarter valued at $43,000. Ridgewood Investments LLC purchased a new position in monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC boosted its holdings in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in monday.com during the 2nd quarter worth $69,000. Finally, PNC Financial Services Group Inc. boosted its holdings in monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 310 shares during the last quarter. Institutional investors 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.