Cantor Fitzgerald Cuts monday.com (NASDAQ:MNDY) Price Target to $257.00

Key Points

• Cantor Fitzgerald has reduced its price target for monday.com from $286.00 to $257.00, maintaining an "overweight" rating, implying a potential upside of 36.42% from the current stock price.
• The company's quarterly earnings exceeded estimates with $1.09 EPS, and revenue grew by 26.6% year-over-year, amounting to $299.01 million.
• monday.com has received mixed ratings from analysts, including one Strong Buy, twenty-two Buy, two Hold, and one Sell, with an average rating of "Moderate Buy" and a consensus target price of $296.86.

monday.com (NASDAQ:MNDY - Free Report) had its price objective decreased by Cantor Fitzgerald from $286.00 to $257.00 in a report issued on Thursday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

MNDY has been the topic of several other research reports. Piper Sandler cut their target price on monday.com from $300.00 to $275.00 and set an "overweight" rating on the stock in a research report on Thursday. Oppenheimer initiated coverage on shares of monday.com in a research note on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price target for the company. The Goldman Sachs Group lowered their target price on shares of monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Citigroup reduced their price objective on shares of monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Finally, Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the stock an "overweight" rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $296.86.

monday.com Trading Down 2.6%

MNDY stock traded down $5.68 on Thursday, hitting $213.47. The company's stock had a trading volume of 625,320 shares, compared to its average volume of 962,532. monday.com has a 1 year low of $166.22 and a 1 year high of $342.64. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 288.35, a price-to-earnings-growth ratio of 10.36 and a beta of 1.25. The firm has a 50 day moving average of $221.20 and a two-hundred day moving average of $256.53.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast 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 company. ASR Vermogensbeheer N.V. purchased a new position in shares of monday.com in the first quarter worth $25,000. Summit Securities Group LLC purchased a new position in monday.com in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC lifted its holdings in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust purchased a new position in monday.com in the 1st quarter worth approximately $30,000. Finally, First Horizon Advisors Inc. lifted its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after purchasing an additional 70 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Company Profile

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.