Cantor Fitzgerald Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY - Free Report) had its price target hoisted by Cantor Fitzgerald from $292.00 to $380.00 in a research note issued to investors on Tuesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other research firms also recently commented on MNDY. William Blair reaffirmed an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday. Robert W. Baird raised their price target on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday. DA Davidson raised their price target on monday.com from $300.00 to $350.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.32.

monday.com Stock Down 0.6 %

NASDAQ:MNDY traded down $1.86 during trading hours on Tuesday, reaching $318.48. 371,407 shares of the stock were exchanged, compared to its average volume of 1,175,707. The firm has a 50 day simple moving average of $252.51 and a 200-day simple moving average of $263.46. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The stock has a market capitalization of $15.38 billion, a P/E ratio of 775.71, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last released its 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%. As a group, analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Several hedge funds and other institutional investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in shares of monday.com in the fourth quarter worth $33,000. Signaturefd LLC boosted its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

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.