Bank of America Reaffirms Neutral Rating for monday.com (NASDAQ:MNDY)

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 equities researchers at Bank of America in a research report issued on Thursday, MarketBeat.com reports. They currently have a $205.00 price target on the stock, down from their prior price target of $240.00. Bank of America's target price would indicate a potential upside of 17.93% from the stock's previous close.

Several other brokerages have also issued reports on MNDY. Loop Capital dropped their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Cowen restated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Oppenheimer restated an "outperform" rating and issued a $300.00 price objective on shares of monday.com in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $303.59.

monday.com Trading Down 0.9%

Shares of MNDY stock traded down $1.56 during trading hours on Thursday, reaching $173.83. The stock had a trading volume of 525,144 shares, compared to its average volume of 912,271. The stock's fifty day simple moving average is $262.05 and its 200 day simple moving average is $271.35. monday.com has a 12 month low of $166.22 and a 12 month high of $342.64. The firm has a market capitalization of $8.83 billion, a PE ratio of 235.67, a PEG ratio of 10.69 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating 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 company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same period last year, the business earned $0.94 earnings per share. monday.com'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, equities research analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the period. Public Sector Pension Investment Board increased its stake in shares of monday.com by 8.7% in the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after buying an additional 1,500 shares during the period. Neuberger Berman Group LLC increased its stake in shares of monday.com by 34.5% in the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after buying an additional 104,968 shares during the period. Nuveen LLC purchased a new position in monday.com during the 1st quarter valued at $23,078,000. Finally, Polen Capital Management LLC increased its position in monday.com by 34.0% during the 1st quarter. Polen Capital Management LLC now owns 71,261 shares of the company's stock valued at $17,328,000 after purchasing an additional 18,075 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.