Piper Sandler Cuts monday.com (NASDAQ:MNDY) Price Target to $275.00

Key Points

• Piper Sandler has lowered its price target for monday.com (NASDAQ:MNDY) from $300.00 to $275.00, while maintaining an "overweight" rating, indicating a potential upside of 45.97% from the company's previous close.
• monday.com reported earnings of $1.09 EPS, surpassing expectations and reflecting a 26.6% year-over-year revenue growth in the latest quarter.
• Institutional investors currently own 73.70% of monday.com's stock, with several firms adjusting their positions and ratings in recent weeks.

monday.com (NASDAQ:MNDY - Get Free Report) had its target price decreased by Piper Sandler from $300.00 to $275.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 45.97% from the company's previous close.

Several other research firms also recently issued reports on MNDY. Wells Fargo & Company set a $365.00 price objective on monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. Barclays lowered their price objective on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. DA Davidson lowered their price objective on monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 target price on shares of monday.com in a report on Thursday. Finally, Zacks Research cut monday.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $302.45.

monday.com Trading Down 3.7%

Shares of NASDAQ MNDY opened at $188.39 on Thursday. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 254.58, a PEG ratio of 11.76 and a beta of 1.25. monday.com has a 12 month low of $166.22 and a 12 month high of $342.64. The stock has a 50-day moving average price of $224.41 and a two-hundred day moving average price of $257.57.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its 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. The firm had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that monday.com will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new position in shares of monday.com during the 1st quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of monday.com during the 1st quarter worth $25,000. NewEdge Advisors LLC grew its stake in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after acquiring an additional 106 shares during the period. Grove Bank & Trust bought a new position in shares of monday.com during the 1st quarter worth $30,000. Finally, First Horizon Advisors Inc. grew its stake in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 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.

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