Robert W. Baird Raises monday.com (NASDAQ:MNDY) Price Target to $335.00

monday.com (NASDAQ:MNDY) had its price target raised by analysts at Robert W. Baird from $275.00 to $335.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 5.44% from the company’s previous close.

Several other analysts also recently issued reports on MNDY. Cantor Fitzgerald assumed coverage on monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target for the company. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. 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 report on Tuesday. Scotiabank dropped their price objective on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, January 16th. Finally, DA Davidson reissued a “neutral” rating and set a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Price Performance

NASDAQ MNDY opened at $317.73 on Tuesday. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The firm has a market capitalization of $15.34 billion, a P/E ratio of 774.95, a P/E/G ratio of 7.67 and a beta of 1.31. The business’s 50-day simple moving average is $251.81 and its 200-day simple moving average is $263.06.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, equities research analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in monday.com during the second quarter valued at $285,000. Inspire Investing LLC bought a new stake in shares of monday.com during the 3rd quarter valued at about $870,000. Sapient Capital LLC acquired a new stake in monday.com during the third quarter worth about $1,282,000. Chicago Capital LLC lifted its holdings in monday.com by 18.9% in the third quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock worth $499,000 after acquiring an additional 285 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after acquiring an additional 313,279 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

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.