Shares of monday.com Ltd. (NASDAQ:MNDY – Get Free Report) hit a new 52-week high on Wednesday after Loop Capital raised their price target on the stock from $285.00 to $310.00. Loop Capital currently has a buy rating on the stock. monday.com traded as high as $284.14 and last traded at $283.40, with a volume of 5072 shares. The stock had previously closed at $281.64.
MNDY has been the subject of a number of other research reports. TD Cowen raised their price target on shares of monday.com from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Barclays lifted their price target on monday.com from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Piper Sandler restated an “overweight” rating and issued a $300.00 price objective (up from $270.00) on shares of monday.com in a research note on Monday, August 12th. Tigress Financial upped their target price on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Needham & Company LLC raised their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.11.
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monday.com Stock Performance
The company has a 50 day moving average of $247.67 and a 200 day moving average of $227.96. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 741.16, a P/E/G ratio of 13.58 and a beta of 1.32.
monday.com (NASDAQ:MNDY – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, equities analysts predict that monday.com Ltd. will post 0.49 EPS for the current fiscal year.
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.
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