monday.com (NASDAQ:MNDY) Price Target Increased to $300.00 by Analysts at The Goldman Sachs Group

monday.com (NASDAQ:MNDYFree Report) had its price target lifted by The Goldman Sachs Group from $270.00 to $300.00 in a research note published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

MNDY has been the topic of several other research reports. Bank of America began coverage on monday.com in a research note on Monday, February 26th. They set a buy rating and a $280.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of monday.com in a research note on Tuesday, April 9th. They issued an overweight rating and a $260.00 price objective for the company. Citigroup downgraded shares of monday.com from a buy rating to a neutral rating and cut their target price for the stock from $277.00 to $250.00 in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $230.00 to $270.00 and gave the company an overweight rating in a research report on Monday, March 25th. Finally, Piper Sandler reaffirmed an overweight rating and set a $270.00 price objective (up previously from $250.00) on shares of monday.com in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $252.50.

Get Our Latest Stock Analysis on MNDY

monday.com Stock Performance

monday.com stock opened at $228.83 on Thursday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 602.20 and a beta of 1.24. monday.com has a 1 year low of $122.13 and a 1 year high of $239.22. The company’s 50 day simple moving average is $204.81 and its 200-day simple moving average is $196.00.

Institutional Investors Weigh In On monday.com

Institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC purchased a new position in monday.com in the first quarter valued at approximately $728,521,000. Jennison Associates LLC acquired a new stake in monday.com during the 4th quarter worth $131,086,000. Invesco Ltd. lifted its position in monday.com by 331.6% in the third quarter. Invesco Ltd. now owns 629,572 shares of the company’s stock valued at $100,240,000 after acquiring an additional 483,709 shares during the last quarter. Baillie Gifford & Co. acquired a new position in monday.com in the first quarter valued at $76,534,000. Finally, Clearbridge Investments LLC grew its holdings in shares of monday.com by 2,851.5% during the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after purchasing an additional 332,852 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

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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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Analyst Recommendations for monday.com (NASDAQ:MNDY)

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