Barclays Issues Positive Forecast for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its target price lifted by analysts at Barclays from $325.00 to $360.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 13.30% from the company’s previous close.

A number of other analysts also recently weighed in on MNDY. Loop Capital dropped their target price on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company upped their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Oppenheimer boosted 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 objective on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Stock Down 3.1 %

monday.com stock opened at $317.73 on Tuesday. The business has a 50-day simple moving average of $251.81 and a 200 day simple moving average of $263.06. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 774.95, a PEG 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, research analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Several institutional investors and hedge funds have recently bought and sold shares of MNDY. FMR LLC raised its position in shares of monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares in the last quarter. Jennison Associates LLC grew its stake in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after purchasing an additional 100,333 shares during the period. Westfield Capital Management Co. LP raised its holdings in monday.com by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after purchasing an additional 14,304 shares in the last quarter. State Street Corp lifted its position in monday.com by 3.8% during the third quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after buying an additional 21,585 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after buying an additional 403,255 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.