Oppenheimer Boosts monday.com (NASDAQ:MNDY) Price Target to $325.00

monday.com (NASDAQ:MNDY) had its target price raised by Oppenheimer from $275.00 to $325.00 in a report published on Tuesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. UBS Group lifted their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Barclays lifted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Citigroup lifted their target price on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wolfe Research began coverage on shares of monday.com in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 target price on the stock. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.35.

monday.com Stock Performance

NASDAQ MNDY opened at $297.27 on Tuesday. monday.com has a 52-week low of $122.13 and a 52-week high of $297.27. The company has a market capitalization of $14.35 billion, a P/E ratio of 782.29, a P/E/G ratio of 13.68 and a beta of 1.32. The company has a fifty day moving average of $270.05 and a 200-day moving average of $236.93.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. As a group, analysts forecast that monday.com will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after buying an additional 31,304 shares during the period. Renaissance Technologies LLC boosted its stake in monday.com by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after acquiring an additional 188,800 shares in the last quarter. Jennison Associates LLC boosted its stake in monday.com by 12.1% during the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after acquiring an additional 84,182 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in monday.com by 34.4% during the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after acquiring an additional 170,800 shares in the last quarter. Finally, Eminence Capital LP boosted its stake in monday.com by 1.4% during the second quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock worth $113,330,000 after acquiring an additional 6,349 shares in 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.