monday.com's (MNDY) "Neutral" Rating Reaffirmed at Bank of America

Key Points

• Bank of America has reaffirmed a "neutral" rating for monday.com (MNDY) with a target price reduction to $205.00, down from $240.00, suggesting an upside potential of 18.24% from the stock's previous close.
• Other analysts have mixed ratings, with Goldman Sachs and Morgan Stanley lowering their price targets, while Scotiabank and Oppenheimer maintain higher price targets and optimistic ratings.
• monday.com recently reported a 26.6% revenue increase year-over-year, outpacing analyst expectations with earnings per share of $1.09 for the last quarter.

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at Bank of America in a research report issued on Thursday, MarketBeat.com reports. They presently have a $205.00 price target on the stock, down from their prior price target of $240.00. Bank of America's price target indicates a potential upside of 15.24% from the company's current price.

A number of other research firms have also recently commented on MNDY. Piper Sandler lowered their price target on shares of monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Robert W. Baird lowered their price target on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Jefferies Financial Group lowered their price target on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 11th. JPMorgan Chase & Co. lowered their price target on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, TD Cowen lowered their target price on shares of monday.com from $360.00 to $290.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Trading Up 3.8%

Shares of NASDAQ:MNDY traded up $6.43 during mid-day trading on Thursday, reaching $177.89. The company had a trading volume of 1,056,648 shares, compared to its average volume of 1,820,004. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 240.40, a PEG ratio of 5.98 and a beta of 1.27. The company's 50-day moving average price is $264.33 and its 200-day moving average price is $271.89. monday.com has a one year low of $166.22 and a one year 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 analysts' consensus estimates of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. monday.com's revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WCM Investment Management LLC increased its holdings in shares of monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after purchasing an additional 17,371 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 9.0% in the second quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company's stock worth $576,442,000 after purchasing an additional 150,987 shares during the period. Rubicon Global Capital Ltd increased its holdings in shares of monday.com by 155.3% in the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company's stock worth $453,763,000 after purchasing an additional 877,700 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after purchasing an additional 458,794 shares during the period. Institutional investors own 73.70% of the company's stock.

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.