Wells Fargo & Company Begins Coverage on monday.com (NASDAQ:MNDY)

Key Points

• monday.com (NASDAQ:MNDY) has been upgraded to a "strong-buy" rating by Wells Fargo & Company, reflecting increased analyst confidence in the stock.
• Despite the upgrade, multiple analysts have lowered their price targets for monday.com, with Cantor Fitzgerald lowering it from $286 to $257 and Bank of America from $240 to $205.
• The company reported a revenue increase of 26.6% year-over-year, with earnings per share exceeding estimates at $1.09 for the last quarter.

Investment analysts at Wells Fargo & Company assumed coverage on shares of monday.com (NASDAQ:MNDY - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an "overweight" rating on the stock.

A number of other research analysts also recently weighed in on the stock. Piper Sandler cut their price target on shares of monday.com from $300.00 to $275.00 and set an "overweight" rating on the stock in a report on Thursday, September 18th. Barclays lowered their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Oppenheimer assumed coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $300.00 target price on the stock. Finally, Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $292.36.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $184.32 on Tuesday. The company has a 50 day moving average price of $207.73 and a 200 day moving average price of $254.07. monday.com has a 1-year low of $166.22 and a 1-year high of $342.64. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 249.08, a PEG ratio of 9.15 and a beta of 1.24.

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

Institutional Trading of monday.com

Several large investors have recently modified their holdings of the stock. Spire Wealth Management grew its position in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after buying an additional 42 shares during the period. CWM LLC increased its stake in monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company's stock valued at $66,000 after purchasing an additional 50 shares in the last quarter. Farther Finance Advisors LLC increased its stake in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Dakota Wealth Management increased its stake in monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company's stock valued at $564,000 after purchasing an additional 52 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds 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.