JPMorgan Chase & Co. Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $350.00 to $400.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently commented on MNDY. Piper Sandler boosted their target price on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday. Scotiabank decreased their price target on monday.com from $325.00 to $300.00 and set a "sector outperform" rating for the company in a research note on Thursday, January 16th. Loop Capital decreased their price target on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Needham & Company LLC boosted their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price target on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $353.32.

monday.com Trading Down 0.6 %

monday.com stock traded down $1.86 during mid-day trading on Tuesday, hitting $318.48. The company had a trading volume of 371,407 shares, compared to its average volume of 1,175,707. The stock's 50 day moving average price is $252.51 and its two-hundred day moving average price is $263.46. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a market capitalization of $15.38 billion, a PE ratio of 775.71, a price-to-earnings-growth 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 the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Equities research analysts anticipate that monday.com will post 0.85 EPS for the current year.

Institutional Trading of monday.com

Several hedge funds have recently bought and sold shares of the stock. KP Management LLC grew its holdings in monday.com by 43.5% during the fourth quarter. KP Management LLC now owns 16,500 shares of the company's stock valued at $3,885,000 after purchasing an additional 5,000 shares during the period. Melqart Asset Management UK Ltd grew its holdings in monday.com by 301.0% during the fourth quarter. Melqart Asset Management UK Ltd now owns 69,883 shares of the company's stock valued at $16,453,000 after purchasing an additional 52,454 shares during the period. Aquatic Capital Management LLC bought a new stake in monday.com during the fourth quarter valued at about $882,000. Boothbay Fund Management LLC grew its holdings in monday.com by 105.3% during the fourth quarter. Boothbay Fund Management LLC now owns 8,106 shares of the company's stock valued at $1,908,000 after purchasing an additional 4,158 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in monday.com during the fourth quarter valued at about $1,006,000. Institutional investors own 73.70% of the company's stock.

monday.com Company Profile

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.