monday.com's (MNDY) "Buy" Rating Reiterated at Needham & Company LLC

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 restated by investment analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $250.00 target price on the stock. Needham & Company LLC's price target suggests a potential upside of 32.70% from the company's current price.

Several other research analysts have also commented on MNDY. Morgan Stanley upgraded monday.com from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. UBS Group cut their price objective on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group cut their price objective on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Cowen reissued a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Finally, Baird R W raised monday.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $302.45.

monday.com Stock Performance

Shares of MNDY stock opened at $188.39 on Thursday. The stock's fifty day moving average is $224.41 and its two-hundred day moving average is $257.57. The firm has a market capitalization of $9.56 billion, a P/E ratio of 254.58, a PEG ratio of 11.76 and a beta of 1.25. monday.com has a fifty-two week low of $166.22 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly 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. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The company's quarterly 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. On average, equities analysts forecast 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 added to or reduced their stakes in the company. WT Wealth Management purchased a new stake in monday.com in the second quarter valued at approximately $236,000. Orion Porfolio Solutions LLC lifted its stake in monday.com by 345.5% in the second quarter. Orion Porfolio Solutions LLC now owns 6,928 shares of the company's stock valued at $2,179,000 after buying an additional 5,373 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in monday.com by 9,247.1% in the second quarter. Thrivent Financial for Lutherans now owns 177,315 shares of the company's stock valued at $55,748,000 after buying an additional 175,418 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in monday.com by 10.2% in the second quarter. Neuberger Berman Group LLC now owns 450,619 shares of the company's stock valued at $141,683,000 after buying an additional 41,659 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in monday.com in the second quarter valued at 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.

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