monday.com (NASDAQ:MNDY) Price Target Cut to $190.00 by Analysts at The Goldman Sachs Group

monday.com (NASDAQ:MNDYGet Rating) had its price target dropped by stock analysts at The Goldman Sachs Group from $220.00 to $190.00 in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 75.93% from the stock’s previous close.

Several other brokerages have also weighed in on MNDY. Cowen lifted their price target on monday.com from $150.00 to $180.00 in a research note on Tuesday, August 9th. Citigroup lifted their price target on monday.com from $135.00 to $138.00 in a research note on Tuesday. DA Davidson lifted their price target on monday.com from $145.00 to $175.00 in a research note on Tuesday, August 9th. Credit Suisse Group cut their price target on monday.com from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Moffett Nathanson assumed coverage on monday.com in a research note on Thursday, September 22nd. They issued an “outperform” rating and a $170.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.56.

monday.com Stock Up 0.2 %

Shares of monday.com stock opened at $108.00 on Tuesday. monday.com has a twelve month low of $73.58 and a twelve month high of $419.57. The business has a 50-day moving average price of $109.39 and a 200 day moving average price of $111.51. The firm has a market cap of $4.77 billion, a PE ratio of -28.95 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNDY. SJS Investment Consulting Inc. acquired a new position in shares of monday.com during the 3rd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in monday.com in the third quarter valued at approximately $29,000. UMB Bank n.a. acquired a new position in monday.com in the second quarter valued at approximately $38,000. FourThought Financial LLC acquired a new position in monday.com in the first quarter valued at approximately $42,000. Finally, Advisors Asset Management Inc. acquired a new position in monday.com in the first quarter valued at approximately $52,000. 64.64% of the stock is currently owned by institutional investors and hedge funds.

About monday.com

(Get Rating)

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.

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