monday.com (NASDAQ:MNDY) Given New $250.00 Price Target at Oppenheimer

monday.com (NASDAQ:MNDYFree Report) had its target price hoisted by Oppenheimer from $240.00 to $250.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

MNDY has been the topic of a number of other research reports. Wells Fargo & Company started coverage on monday.com in a report on Tuesday, April 9th. They issued an overweight rating and a $260.00 target price on the stock. DA Davidson reaffirmed a neutral rating and set a $190.00 price objective on shares of monday.com in a report on Tuesday, February 13th. Bank of America assumed coverage on shares of monday.com in a report on Monday, February 26th. They issued a buy rating and a $280.00 target price for the company. Tigress Financial upped their price objective on shares of monday.com from $240.00 to $280.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Finally, Piper Sandler reissued an overweight rating and set a $270.00 target price (up previously from $250.00) on shares of monday.com in a research report on Wednesday, May 15th. Three 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, monday.com has an average rating of Moderate Buy and an average target price of $252.50.

Check Out Our Latest Report on monday.com

monday.com Price Performance

NASDAQ:MNDY opened at $228.83 on Thursday. monday.com has a one year low of $122.13 and a one year high of $239.22. The company has a market cap of $11.05 billion, a PE ratio of 602.20 and a beta of 1.24. The firm has a 50-day moving average of $204.81 and a 200-day moving average of $196.48.

Institutional Trading of monday.com

Several hedge funds and other institutional investors have recently modified their holdings of the business. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock worth $36,000 after acquiring an additional 71 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of monday.com by 2.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock valued at $65,000 after purchasing an additional 691 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its stake in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. Institutional investors own 73.70% of the company’s stock.

About monday.com

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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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