Needham & Company LLC Reiterates Buy Rating for monday.com (NASDAQ:MNDY)

Key Points

• monday.com received a restated "buy" rating from Needham & Company LLC with a target price of $250, indicating a potential upside of 32.70% from its current price.
• Analysts have mixed views on the stock, with one analyst giving a Strong Buy rating, while others assigned Buy, Hold, and Sell ratings, resulting in an average rating of "Moderate Buy."
• In its latest earnings report, monday.com surpassed expectations with a quarterly revenue of $299.01 million and an EPS of $1.09, reflecting a 26.6% year-over-year increase.

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $250.00 price target on the stock. Needham & Company LLC's price objective would indicate a potential upside of 17.03% from the stock's current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group cut their price objective on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Citigroup cut their price target on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Oppenheimer started coverage on shares of monday.com in a report on Wednesday, August 27th. They issued an "outperform" rating and a $300.00 price target for the company. Finally, Zacks Research lowered monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $296.86.

monday.com Stock Down 2.5%

Shares of NASDAQ MNDY traded down $5.53 during mid-day trading on Thursday, hitting $213.62. 610,968 shares of the company traded hands, compared to its average volume of 962,449. 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 $10.85 billion, a price-to-earnings ratio of 288.61, a PEG ratio of 10.36 and a beta of 1.25. The business 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 issued its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the prior year, the firm posted $0.94 EPS. The business's revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that monday.com will post 0.46 EPS for the current year.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new stake in shares of monday.com in the first quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com during the first quarter worth $25,000. NewEdge Advisors LLC lifted its stake in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of monday.com during the first quarter worth about $30,000. Finally, Promus Capital LLC purchased a new stake in monday.com during the 2nd quarter worth approximately $45,000. Hedge funds and other 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.