monday.com (MNDY) Stock Forecast & Price Target

$237.97

+1.87 (+0.79%)

(As of 07/26/2024 ET)

monday.com - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Based on 21 Wall Street analysts who have issued ratings for monday.com in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 5 have given a hold rating, and 16 have given a buy rating for MNDY.

Consensus Price Target

$255.53
7.38% Upside

High Forecast	$300.00
Average Forecast	$255.53
Low Forecast	$200.00

According to the 21 analysts' twelve-month price targets for monday.com, the average price target is $255.53. The highest price target for MNDY is $300.00, while the lowest price target for MNDY is $200.00. The average price target represents a forecasted upside of 7.38% from the current price of $237.97.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	15 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)
Hold	5 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$255.53	$253.82	$240.00	$182.13
Forecasted Upside	7.38% Upside	21.18% Upside	18.61% Upside	26.93% Upside

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MNDY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MNDY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

monday.com Stock vs. The Competition

Type	monday.com	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.76	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.38% Upside	554.05% Upside	9.10% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	Baird R W 0 of 5 stars	R. Oliver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/23/2024	Robert W. Baird 2 of 5 stars		Initiated Coverage	Neutral	$250.00	+6.09%
7/12/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$270.00 ➝ $270.00	+15.94%
7/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Zukin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$300.00	+22.83%
7/2/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$280.00 ➝ $270.00	+12.51%
6/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Macwilliams Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$275.00	+22.89%
Get the Latest News and Ratings for MNDY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for monday.com and its competitors with MarketBeat's FREE daily newsletter.
6/24/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
6/17/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$250.00 ➝ $250.00	+10.34%
5/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$260.00 ➝ $275.00	+21.20%
5/16/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $250.00	+10.18%
5/16/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$190.00 ➝ $230.00	+1.37%
5/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$270.00 ➝ $300.00	+35.92%
5/16/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$240.00 ➝ $250.00	+13.27%
4/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$277.00 ➝ $250.00	+15.87%
3/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $270.00	+18.42%
3/5/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $280.00	+28.03%
2/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$280.00	+34.68%
1/5/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$180.00 ➝ $230.00	+33.64%
12/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$185.00 ➝ $200.00	+14.36%
8/15/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $205.00	+24.24%
8/15/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$215.00 ➝ $220.00	+30.09%
2/14/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$165.00 ➝ $175.00	+20.29%
2/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$140.00 ➝ $170.00	+16.85%
9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jackson Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy ➝ Outperform	$170.00	+30.69%
8/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$150.00 ➝ $180.00	+25.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:29 AM ET.

MNDY Forecast - Frequently Asked Questions

What is monday.com's forecast for 2024?: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for monday.com is $255.53, with a high forecast of $300.00 and a low forecast of $200.00.
Should I buy or sell monday.com stock right now?: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for monday.com in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MNDY shares.
Does monday.com's stock price have much upside?: According to analysts, monday.com's stock has a predicted upside of 19.09% based on their 12-month stock forecasts.
Has monday.com been upgraded by Wall Street analysts recently?: Over the previous 90 days, monday.com's stock had 1 upgrade by analysts.
What analysts cover monday.com?: monday.com has been rated by research analysts at Baird R W, Barclays, Canaccord Genuity Group, DA Davidson, KeyCorp, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, The Goldman Sachs Group, Wells Fargo & Company, William Blair, and Wolfe Research in the past 90 days.
Do Wall Street analysts like monday.com more than its competitors?: Analysts like monday.com more than other "computer and technology" companies. The consensus rating score for monday.com is 2.76 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how MNDY compares to other companies.