Analysts Set monday.com Ltd. (NASDAQ:MNDY) Target Price at $285.79

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $285.79.

A number of research firms recently issued reports on MNDY. Tigress Financial lifted their target price on monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Baird R W upgraded monday.com to a "hold" rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 13th. Needham & Company LLC lifted their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Finally, Wolfe Research initiated coverage on shares of monday.com in a report on Tuesday, July 9th. They set an "outperform" rating and a $300.00 price target for the company.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $7.78 during trading on Thursday, hitting $263.95. The company's stock had a trading volume of 549,977 shares, compared to its average volume of 778,608. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $272.77. The business has a 50 day moving average price of $238.18 and a two-hundred day moving average price of $222.51. The company has a market capitalization of $12.74 billion, a PE ratio of 703.82, a P/E/G ratio of 43.41 and a beta of 1.30.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new position in shares of monday.com in the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after buying an additional 102 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of monday.com by 2.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company's stock worth $65,000 after buying an additional 691 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of monday.com during the second quarter worth about $69,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock worth $74,000 after buying an additional 310 shares during the last quarter. Hedge funds and other 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.