Shares of monday.com Ltd. (NASDAQ:MNDY – Get Rating) rose 12.2% during mid-day trading on Friday . The stock traded as high as $94.31 and last traded at $94.00. Approximately 9,565 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 582,789 shares. The stock had previously closed at $83.79.
Analyst Upgrades and Downgrades
MNDY has been the topic of several recent analyst reports. Cowen boosted their target price on shares of monday.com from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Moffett Nathanson initiated coverage on shares of monday.com in a report on Thursday, September 22nd. They issued an “outperform” rating and a $170.00 target price on the stock. Credit Suisse Group initiated coverage on shares of monday.com in a report on Friday, September 23rd. They issued an “outperform” rating and a $180.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of monday.com from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Citigroup decreased their price target on shares of monday.com from $156.00 to $135.00 in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.67.
monday.com Stock Up 13.6 %
The firm’s 50-day moving average price is $109.60 and its 200 day moving average price is $112.28. The company has a market capitalization of $4.20 billion, a P/E ratio of -24.60 and a beta of 1.24.
Institutional Investors Weigh In On monday.com
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.
- Get a free copy of the StockNews.com research report on monday.com (MNDY)
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