Bullish and Bearish Analyst Perspectives on Monday.Com (MNDY)
Thirteen analysts have provided their evaluations of Monday.Com (MNDY) in the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
Analyst Ratings
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | Total Ratings |
|—|—|—|—|—|—|
| 4 | 7 | 2 | 0 | 0 | 13 |
Analyst Actions and Price Targets
An in-depth analysis of recent analyst actions unveils how financial experts perceive Monday.Com. Here are key analyst moves and adjustments:
* David Hynes of Canaccord Genuity lowered his rating from Buy to Neutral and reduced his price target from $250.00 to $220.00.
* Steven Enders of Citigroup lowered his rating from Buy to Neutral and lowered his price target from $277.00 to $250.00.
* Michael Berg of Wells Fargo initiated coverage with an Overweight rating and set a price target of $260.00.
* Pinjalim Bora of JP Morgan raised his rating from Neutral to Overweight and increased his price target from $230.00 to $270.00.
* Silvan Tuerkcan of Tigress Financial raised his rating from Buy to Strong Buy and raised his price target from $240.00 to $280.00.
* Michael Funk of B of A Securities initiated coverage with a Buy rating and set a price target of $280.00.
* George Iwanyc of Oppenheimer raised his rating from Market Perform to Outperform and increased his price target from $220.00 to $240.00.
* Gil Luria of DA Davidson maintained his Neutral rating and set a price target of $190.00.
* Scott Berg of Needham maintained his Buy rating and set a price target of $230.00.
* Brent Bracelin of Piper Sandler maintained his Overweight rating and set a price target of $250.00.
* Jason Celino of Keybanc raised his rating from Overweight to Strong Buy and increased his price target from $238.00 to $242.00.
* Jason Celino of Keybanc further raised his price target to $238.00.
* Brent Bracelin of Piper Sandler maintained his Overweight rating and set a price target of $250.00.
Understanding Analyst Ratings
Analyst ratings are qualitative values, from ‘Outperform’ to ‘Underperform’, that convey expectations for the relative performance of a stock compared to the broader market. Actions taken by analysts, such as maintaining, raising, or lowering their ratings, reflect their reactions to recent developments and changes in the company’s performance.
Interpreting Price Targets
Analysts also provide estimates for the future value of a stock’s price, known as price targets. These estimates offer insights into analysts’ expectations over time. By comparing current price targets to previous ones, investors can gauge how analysts’ sentiments are evolving.
Additional Insights
* Monday.Com’s average price target has increased by 2.87% from the previous month.
* The 12-month average price target is $246.15.
* Monday.Com has a market capitalization of $14.32 billion.
* The company’s revenue growth rate for the three months ended December 31, 2023, was 35.12%.
* Monday.Com’s net margin is 6.09%.
* The company’s return on equity (ROE) is 1.57%.
* Monday.Com’s return on assets (ROA) is 1.0%.
* The company’s debt-to-equity ratio is 0.08.
Keep in mind that analyst ratings are opinions and should be considered alongside other financial indicators and market conditions before making investment decisions.
