monday.com (NASDAQ:MNDY) Earns Outperform Rating from Analysts at Oppenheimer

Key Points

• Oppenheimer has initiated coverage on monday.com (NASDAQ:MNDY) with an "outperform" rating and a price target of $300.00, suggesting a potential upside of 70.54% from its current price.
• The company reported $1.09 earnings per share, exceeding analyst expectations, with a revenue of $299.01 million, marking a 26.6% year-over-year increase.
• monday.com has a consensus rating of "Moderate Buy" with an average target price of $303.59, according to MarketBeat.com.

Analysts at Oppenheimer began coverage on shares of monday.com (NASDAQ:MNDY - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set an "outperform" rating and a $300.00 price target on the stock. Oppenheimer's target price would suggest a potential upside of 55.44% from the stock's current price.

A number of other equities research analysts have also recently commented on MNDY. DA Davidson decreased their price target on monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price target on monday.com and gave the company an "overweight" rating in a report on Friday, June 13th. KeyCorp reissued an "overweight" rating and set a $330.00 price target on shares of monday.com in a report on Monday, August 11th. Cowen restated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. cut their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.59.

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $3.49 during midday trading on Wednesday, hitting $193.00. 1,624,601 shares of the stock traded hands, compared to its average volume of 2,014,878. The firm has a 50-day moving average of $253.96 and a two-hundred day moving average of $267.49. The firm has a market capitalization of $9.80 billion, a P/E ratio of 260.81, a PEG ratio of 11.60 and a beta of 1.25. 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 announced its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.94 earnings per share. The firm'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. Equities analysts forecast that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC boosted its position in shares of monday.com by 345.5% during 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 period. Thrivent Financial for Lutherans boosted its position in shares of monday.com by 9,247.1% during 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 period. Neuberger Berman Group LLC boosted its position in shares of monday.com by 10.2% during 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 period. Promus Capital LLC bought a new stake in shares of monday.com during the second quarter valued at approximately $45,000. Finally, Ranger Investment Management L.P. raised its stake in shares of monday.com by 27.1% during the second quarter. Ranger Investment Management L.P. now owns 58,075 shares of the company's stock valued at $18,263,000 after acquiring an additional 12,385 shares in the last quarter. 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.