monday.com (NASDAQ:MNDY) Price Target Raised to $270.00 at JPMorgan Chase & Co.

monday.com (NASDAQ:MNDYGet Free Report) had its price objective boosted by JPMorgan Chase & Co. from $230.00 to $270.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.42% from the company’s current price.

Several other research firms also recently weighed in on MNDY. UBS Group boosted their price target on monday.com from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, December 7th. Piper Sandler reissued an “overweight” rating and set a $250.00 price target on shares of monday.com in a research report on Tuesday, February 13th. KeyCorp began coverage on monday.com in a research report on Thursday. They set an “overweight” rating and a $275.00 price target on the stock. Tigress Financial upped their target price on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of monday.com from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $230.00 in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $232.43.

Check Out Our Latest Research Report on MNDY

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $228.00 on Monday. monday.com has a fifty-two week low of $108.35 and a fifty-two week high of $239.22. The company has a market cap of $11.01 billion, a PE ratio of -3,256.68 and a beta of 1.18. The business has a 50-day simple moving average of $216.13 and a two-hundred day simple moving average of $182.45.

monday.com (NASDAQ:MNDYGet Free Report) last released its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The company had revenue of $202.60 million during the quarter, compared to analysts’ expectations of $197.97 million. During the same period last year, the business earned ($0.03) EPS. monday.com’s revenue for the quarter was up 35.5% on a year-over-year basis. On average, sell-side analysts predict that monday.com will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. Desjardins Global Asset Management Inc. lifted its position in shares of monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Arlington Partners LLC increased its holdings in shares of monday.com by 104.1% in the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after acquiring an additional 126 shares during the last quarter. Quarry LP raised its position in shares of monday.com by 192.0% during the 1st quarter. Quarry LP now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in monday.com in the fourth quarter valued at approximately $53,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Company Profile

(Get Free Report)

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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Analyst Recommendations for monday.com (NASDAQ:MNDY)

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