monday.com (NASDAQ:MNDY) Given New $115.00 Price Target at BTIG Research

monday.com (NASDAQ:MNDY) had its price objective decreased by analysts at BTIG Research from $135.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 49.53% from the company’s current price.

A number of other research firms also recently issued reports on MNDY. Guggenheim set a $130.00 target price on shares of monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Citigroup lowered their price target on shares of monday.com from $230.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Needham & Company LLC lowered their price target on shares of monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a report on Monday. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.78.

monday.com Stock Performance

NASDAQ MNDY opened at $76.91 on Tuesday. The firm’s 50 day moving average price is $70.51 and its 200-day moving average price is $115.01. monday.com has a 52-week low of $57.50 and a 52-week high of $316.98. The company has a market cap of $3.93 billion, a PE ratio of 34.18, a P/E/G ratio of 1.44 and a beta of 1.17.

monday.com (NASDAQ:MNDY) last posted its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The company had revenue of $351.27 million during the quarter. On average, analysts forecast that monday.com will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of large investors have recently modified their holdings of the company. S&CO Inc. increased its position in shares of monday.com by 68.9% in the 1st quarter. S&CO Inc. now owns 11,615 shares of the company’s stock valued at $802,000 after purchasing an additional 4,740 shares during the last quarter. SEB Asset Management AB purchased a new stake in shares of monday.com in the 1st quarter valued at approximately $1,639,000. Swiss National Bank increased its position in shares of monday.com by 28.6% in the 1st quarter. Swiss National Bank now owns 159,100 shares of the company’s stock valued at $10,995,000 after purchasing an additional 35,400 shares during the last quarter. Aurora Investment Counsel purchased a new stake in shares of monday.com in the 1st quarter valued at approximately $1,213,000. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of monday.com in the 1st quarter valued at approximately $2,859,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

Key monday.com News

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: monday.com reported Q1 EPS of $1.15, ahead of estimates, with revenue of $351.27 million also beating expectations and rising 24.4% year over year. Investors viewed the results as evidence that demand for the company’s work-management platform remains solid. Article Title
• Positive Sentiment: The company also issued revenue guidance that came in roughly in line to slightly above Wall Street expectations, reinforcing confidence in continued growth for the year. Article Title
• Positive Sentiment: Piper Sandler raised its price target on monday.com to $90 from $85, keeping a neutral rating. The higher target suggests analysts see more upside after the earnings beat. Article Title
• Positive Sentiment: Investor commentary highlighted enterprise customer growth and AI adoption as key drivers, with some reports calling the quarter a sign that fears of a “software slowdown” may have been overdone. Article Title
• Neutral Sentiment: Several law firms issued reminders about a securities class-action deadline related to the company, which keeps legal overhang in focus but does not appear to be a fresh operational issue. Article Title
• Neutral Sentiment: monday.com’s Q1 earnings call transcript and related coverage may help investors assess management’s outlook, but the main market-moving catalyst remains the earnings beat itself. Article Title
• Negative Sentiment: Multiple class-action notices and securities-fraud allegations continue to create legal uncertainty around MNDY, which can weigh on sentiment even after strong results. Article Title

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.