monday.com (NASDAQ:MNDY) Price Target Lowered to $132.00 at Citigroup

by · The Markets Daily

monday.com (NASDAQ:MNDY – Get Free Report) had its price objective decreased by Citigroup from $154.00 to $132.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 51.47% from the company’s current price.

A number of other research firms have also issued reports on MNDY. Capital One Financial lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a research report on Monday. Wolfe Research lowered monday.com from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of monday.com in a report on Tuesday. Finally, Cantor Fitzgerald lowered monday.com from an “overweight” rating to a “neutral” rating and cut their target price for the company from $112.00 to $90.00 in a report on Monday. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.25.

Read Our Latest Stock Analysis on MNDY

monday.com Trading Down 1.7%

MNDY traded down $1.47 on Tuesday, reaching $87.15. The company had a trading volume of 997,796 shares, compared to its average volume of 1,997,949. monday.com has a one year low of $57.50 and a one year high of $220.80. The company has a market capitalization of $4.46 billion, a P/E ratio of 37.86, a PEG ratio of 4.66 and a beta of 1.24. The company has a fifty day moving average of $80.61 and a 200-day moving average of $79.34.

monday.com (NASDAQ:MNDY – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.34. The firm had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. monday.com had a return on equity of 5.10% and a net margin of 9.17%.monday.com’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. Research analysts predict that monday.com will post 1.59 EPS for the current year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNDY. Capital World Investors grew its holdings in monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after acquiring an additional 1,569,198 shares during the period. Renaissance Technologies LLC raised its position in shares of monday.com by 93.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after acquiring an additional 1,052,900 shares during the period. Norges Bank acquired a new position in monday.com during the fourth quarter valued at approximately $79,789,000. Marshall Wace LLP increased its stake in monday.com by 294.0% in the third quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after purchasing an additional 302,961 shares in the last quarter. Finally, Amundi raised its holdings in monday.com by 104.2% in the third quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after purchasing an additional 261,000 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com News Roundup

Here are the key news stories impacting monday.com this week:

  • Positive Sentiment: monday.com reported second-quarter adjusted earnings of $1.48 per share, above the $1.14 analyst consensus, while revenue rose 21.9% year over year to $364.6 million and exceeded expectations. Operating margins expanded, and AI product annual recurring revenue reportedly doubled from the prior quarter as enterprise adoption grew. monday.com Q2 Earnings and Revenues Surpass Estimates
  • Positive Sentiment: Several analysts maintained bullish views after the results. TD Cowen reaffirmed its Buy rating with a $110 price target, while BTIG Research reiterated Buy with a $105 target, suggesting meaningful potential upside based on their estimates. Analyst Ratings Report
  • Neutral Sentiment: Wells Fargo retained an Overweight rating but lowered its price target from $130 to $120. Piper Sandler also reaffirmed Neutral with a $90 target, reflecting continued confidence in the business but caution regarding near-term growth.
  • Negative Sentiment: The main catalyst weighing on MNDY is third-quarter revenue guidance of $368 million to $370 million, below the $372.8 million consensus estimate and implying slower growth of roughly 16% to 17%. Investors viewed the outlook as more important than the quarterly beat. monday.com Stock Drops as Weak Q3 Outlook Overshadows AI Progress
  • Negative Sentiment: Capital One downgraded monday.com from Overweight to Equal Weight and set a $95 price target. The company’s restructuring, including a reported workforce reduction of about 20% to refocus on AI and enterprise customers, adds execution uncertainty. Full-year revenue guidance was reportedly reaffirmed rather than raised, further disappointing investors after the earnings beat.

About monday.com

(Get Free Report)

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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