monday.com (NASDAQ:MNDY) Price Target Raised to $90.00 at Piper Sandler

monday.com (NASDAQ:MNDY) had its price target raised by analysts at Piper Sandler from $85.00 to $90.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 20.54% from the company’s previous close.

A number of other equities analysts have also commented on MNDY. Guggenheim set a $130.00 price objective on shares of monday.com and gave the stock a “buy” rating in a research note on Thursday, April 9th. KeyCorp reduced their price objective on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Jefferies Financial Group downgraded monday.com from a “buy” rating to a “hold” rating and dropped their target price for the company from $260.00 to $80.00 in a report on Monday, February 23rd. Cantor Fitzgerald lowered their price objective on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, Canaccord Genuity Group reduced their target price on monday.com from $190.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.30.

monday.com Stock Performance

Shares of monday.com stock traded up $2.59 during trading hours on Monday, reaching $74.66. The company’s stock had a trading volume of 6,057,527 shares, compared to its average volume of 2,204,407. monday.com has a one year low of $57.50 and a one year high of $316.98. The company’s 50 day simple moving average is $70.52 and its 200 day simple moving average is $116.62. The stock has a market cap of $3.82 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, May 11th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm had revenue of $351.27 million for the quarter, compared to analysts’ expectations of $339.07 million. During the same quarter last year, the company posted $1.10 earnings per share. monday.com’s revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts predict that monday.com will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several large investors have recently made changes to their positions in MNDY. WCM Investment Management LLC lifted its position in monday.com by 2.8% during the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after purchasing an additional 115,353 shares during the period. Capital World Investors raised its stake in shares of monday.com by 91.4% during the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in monday.com by 15.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after buying an additional 165,996 shares during the period. Renaissance Technologies LLC boosted its stake in monday.com by 7.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock valued at $166,609,000 after acquiring an additional 74,800 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after acquiring an additional 490,491 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Key monday.com News

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: monday.com beat Q1 estimates on both earnings and revenue, with EPS of $1.15 versus $0.96 expected and revenue of about $351.3 million versus $339.1 million expected. Article Title
• Positive Sentiment: The company said growth was driven by enterprise customer expansion and AI adoption, reinforcing the investment case for its work-management platform. Article Title
• Positive Sentiment: monday.com also guided Q2 revenue to $354 million-$356 million and full-year revenue to roughly $1.5 billion, in line with or slightly above expectations, which suggests management remains confident in the growth trajectory.
• Neutral Sentiment: Several articles highlighted bullish commentary from analysts and media after the earnings release, including views that AI concerns may have been overdone and that the stock’s rebound could continue. Article Title
• Negative Sentiment: Investor-relations law firms issued multiple reminders about a May 11 securities class-action deadline tied to prior-period allegations, which could create some legal overhang even though it is separate from the earnings improvement. Article Title

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.