Robert W. Baird Has Lowered Expectations for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its price objective reduced by equities researchers at Robert W. Baird from $240.00 to $210.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 31.98% from the stock’s current price.

MNDY has been the topic of several other research reports. UBS Group set a $202.00 price target on shares of monday.com in a research note on Tuesday. Barclays reduced their target price on monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price objective on shares of monday.com in a report on Monday, August 11th. Finally, Wells Fargo & Company started coverage on shares of monday.com in a report on Tuesday, September 30th. They issued an “overweight” rating and a $260.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $270.19.

monday.com Stock Performance

monday.com stock opened at $159.11 on Tuesday. monday.com has a twelve month low of $151.00 and a twelve month high of $342.64. The firm has a market cap of $8.08 billion, a PE ratio of 129.36, a P/E/G ratio of 7.81 and a beta of 1.24. The firm’s 50 day moving average price is $191.58 and its two-hundred day moving average price is $240.97.

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

Institutional Investors Weigh In On monday.com

Hedge funds have recently made changes to their positions in the stock. Cerity Partners LLC increased its stake in monday.com by 12.1% during the first quarter. Cerity Partners LLC now owns 2,016 shares of the company’s stock valued at $490,000 after acquiring an additional 218 shares during the period. Signaturefd LLC lifted its position in shares of monday.com by 50.7% in the 1st quarter. Signaturefd LLC now owns 217 shares of the company’s stock worth $53,000 after acquiring an additional 73 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of monday.com by 11.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,163 shares of the company’s stock worth $283,000 after purchasing an additional 124 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of monday.com during the first quarter valued at approximately $6,355,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of monday.com by 73.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 80,009 shares of the company’s stock valued at $19,455,000 after purchasing an additional 34,000 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

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.