Morgan Stanley Lowers monday.com (NASDAQ:MNDY) Price Target to $236.00

monday.com (NASDAQ:MNDY) had its price target cut by equities research analysts at Morgan Stanley from $260.00 to $236.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 48.33% from the company’s current price.

A number of other research analysts have also recently issued reports on MNDY. Bank of America decreased their target price on monday.com from $205.00 to $195.00 and set a “neutral” rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of monday.com in a research report on Thursday, September 18th. KeyCorp reiterated an “overweight” rating and set a $330.00 price target on shares of monday.com in a report on Monday, August 11th. Robert W. Baird cut their price target on monday.com from $240.00 to $210.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, DA Davidson cut their target price on shares of monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

monday.com Trading Down 3.7%

NASDAQ MNDY opened at $159.11 on Tuesday. The firm’s 50 day simple moving average is $191.58 and its 200 day simple moving average is $240.97. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 129.36, a P/E/G ratio of 7.81 and a beta of 1.24. monday.com has a 1 year low of $151.00 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that monday.com will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the company. Rubicon Global Capital Ltd raised its stake in monday.com by 155.3% during the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after buying an additional 877,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after purchasing an additional 851,231 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of monday.com by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the period. Norges Bank bought a new stake in shares of monday.com during the 2nd quarter valued at about $161,114,000. Finally, 1832 Asset Management L.P. acquired a new stake in monday.com during the first quarter worth approximately $115,744,000. 73.70% of the stock is owned by 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.