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

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 research note issued to investors on Thursday, MarketBeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other equities analysts also recently commented on MNDY. KeyCorp restated an "overweight" rating and set a $330.00 target price on shares of monday.com in a research report on Monday, August 11th. Cowen reiterated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Canaccord Genuity Group cut their price objective on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Citigroup cut their price objective on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Finally, Barclays cut their price objective on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $296.86.

monday.com Price Performance

Shares of monday.com stock traded up $12.97 during midday trading on Thursday, hitting $219.15. 2,336,362 shares of the company were exchanged, compared to its average volume of 1,246,428. The firm has a market cap of $11.13 billion, a P/E ratio of 296.15, a PEG ratio of 12.39 and a beta of 1.25. monday.com has a 52 week low of $166.22 and a 52 week high of $342.64. The firm has a 50 day simple moving average of $221.20 and a 200-day simple moving average of $256.67.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.monday.com's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that monday.com will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management grew its stake in monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after acquiring an additional 42 shares during the period. CWM LLC grew its stake in monday.com by 31.3% in the second quarter. CWM LLC now owns 210 shares of the company's stock valued at $66,000 after acquiring an additional 50 shares during the period. Farther Finance Advisors LLC grew its stake in monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after acquiring an additional 52 shares during the period. Dakota Wealth Management boosted its position in shares of monday.com by 3.0% during the second quarter. Dakota Wealth Management now owns 1,793 shares of the company's stock worth $564,000 after buying an additional 52 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its position in shares of monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after buying an additional 55 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.