Robert W. Baird Increases monday.com (NASDAQ:MNDY) Price Target to $335.00

monday.com (NASDAQ:MNDY) had its price target increased by Robert W. Baird from $275.00 to $335.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 2.58% from the company’s current price.

Several other brokerages also recently commented on MNDY. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and cut their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price target on shares of monday.com in a research note on Tuesday, November 12th. Piper Sandler upped their price target on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group boosted their price objective on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.23.

monday.com Stock Up 26.5 %

MNDY opened at $326.58 on Tuesday. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 796.54, a PEG ratio of 7.67 and a beta of 1.31. The business has a 50 day moving average of $250.37 and a 200-day moving average of $262.04. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. As a group, analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

A number of large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. Avior Wealth Management LLC grew its position in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares during the period. Venturi Wealth Management LLC grew its position in monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares during the period. Vestcor Inc grew its position in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after purchasing an additional 83 shares during the period. Finally, Signaturefd LLC grew its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares during the period. 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.