monday.com (NASDAQ:MNDY) Price Target Raised to $400.00 at JPMorgan Chase & Co.

monday.com (NASDAQ:MNDY) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $350.00 to $400.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 25.89% from the stock’s current price.

Other research analysts also recently issued reports about the stock. William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday. Cantor Fitzgerald initiated coverage on monday.com in a report on Friday, January 17th. They set an “overweight” rating and a $292.00 target price on the stock. Piper Sandler upped their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Oppenheimer lifted their target price on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Price Performance

Shares of MNDY stock opened at $317.73 on Tuesday. The business has a fifty day moving average of $251.81 and a 200 day moving average of $263.06. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 774.95, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. 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 earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, equities research analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com in the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter worth about $33,000. Signaturefd LLC boosted its position in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

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.