monday.com’s (MNDY) “Neutral” Rating Reiterated at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of monday.com (NASDAQ:MNDY) in a report published on Monday,Benzinga reports. Piper Sandler currently has a $90.00 price target on the stock.

A number of other brokerages have also issued reports on MNDY. BTIG Research reduced their price target on monday.com from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Barclays lifted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Citigroup reduced their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Oppenheimer set a $115.00 target price on shares of monday.com in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Fourteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.91.

monday.com Trading Down 1.7%

Shares of NASDAQ MNDY opened at $85.95 on Monday. The stock has a 50 day simple moving average of $80.53 and a 200-day simple moving average of $78.76. The company has a market cap of $4.40 billion, a PE ratio of 36.57, a P/E/G ratio of 4.21 and a beta of 1.24. monday.com has a 12-month low of $57.50 and a 12-month high of $220.80.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 8.10% and a net margin of 8.87%.The business had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. Sell-side analysts forecast that monday.com will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. American Century Companies Inc. raised its position in monday.com by 75.3% in the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after acquiring an additional 1,801 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after acquiring an additional 65 shares during the last quarter. Cerity Partners LLC lifted its holdings in monday.com by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock valued at $816,000 after acquiring an additional 580 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in monday.com in the 2nd quarter valued at about $398,000. Institutional investors own 73.70% of the company’s stock.

More monday.com News

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

• Positive Sentiment: Strong Q2 performance: monday.com exceeded earnings and revenue estimates, with revenue rising 21.9% year over year to $364.6 million and adjusted earnings of $1.48 per share versus the $1.11 consensus. Operating margins expanded, while AI product annual recurring revenue reportedly doubled from the prior quarter as enterprise adoption increased. monday.com Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Several analysts remain bullish: TD Cowen reaffirmed a Buy rating with a $110 price target, while BTIG maintained Buy with a $105 target. Wells Fargo kept an Overweight rating and a $120 target, and Citigroup retained Buy despite lowering its target to $132. These targets remain materially above the current share price.
• Neutral Sentiment: Limited short-selling signal: Reported short interest was zero shares as of August 11, unchanged from the prior reporting period, implying no measurable short-interest pressure. The data may be incomplete or anomalous, so it offers little actionable information.
• Negative Sentiment: Analyst caution is increasing: Capital One Financial downgraded monday.com to Equal Weight, while Piper Sandler reiterated a Neutral rating. In addition, Citigroup and Wells Fargo lowered their price targets, suggesting concerns about valuation, growth expectations, or the pace of enterprise and AI monetization despite the earnings beat.

monday.com Company Profile

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.