Cantor Fitzgerald Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY) had its price objective hoisted by Cantor Fitzgerald from $292.00 to $380.00 in a research note released on Tuesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on MNDY. William Blair restated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $353.32.

monday.com Trading Up 0.4 %

monday.com stock opened at $327.92 on Tuesday. The company has a market capitalization of $15.83 billion, a P/E ratio of 799.80, a P/E/G ratio of 7.67 and a beta of 1.31. The firm’s fifty day simple moving average is $251.31 and its 200-day simple moving average is $262.68. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY) last released 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 predict that monday.com will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

A number of hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. boosted its holdings in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after acquiring an additional 53 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after acquiring an additional 67 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares during the period. Finally, Vestcor Inc raised its stake in shares of monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after purchasing an additional 83 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.