Jefferies Financial Group Lowers monday.com Price Target to $360.00

Jefferies Financial Group has revised its price target for monday.com (NASDAQ:MNDY), decreasing it from $400.00 to $360.00 in a recent report released on Monday. The investment firm maintains a "buy" rating on the stock, suggesting confidence in its potential future performance.

Stock Ratings from Other Analysts

Other equity research analysts have also provided their insights on monday.com. For instance, DA Davidson upgraded their rating from "neutral" to "buy" and set a target price of $350.00. Similarly, William Blair reaffirmed its "outperform" rating in December. KeyCorp raised its rating from "sector weight" to "overweight," setting a price target of $420.00. Additionally, Goldman Sachs increased their target price from $350.00 to $400.00 and rated the stock as "buy," while JPMorgan Chase & Co. lifted their target from $350.00 to $400.00 with an "overweight" rating. Currently, three analysts hold a "hold" rating, while twenty-one have issued "buy" ratings for the stock. Overall, the consensus rating for monday.com stands at "Moderate Buy" with an average price target of $352.64.

Current Stock Performance

During midday trading on Monday, monday.com shares fell by $2.40, bringing the price down to $244.61. A total of 334,366 shares were traded, in contrast to the average volume of 788,950. The company has a market cap of $12.42 billion and a P/E ratio of 407.68. The stock has seen a low of $174.75 and a high of $342.64 over the past year, with its 50-day and 200-day simple moving averages at $272.99 and $270.44, respectively.

Latest Earnings Report

monday.com recently reported its quarterly earnings, showing an earnings per share (EPS) of $0.50, which was below the consensus estimate of $0.78 by $0.28. The company's net margin stands at 3.33%, with a return on equity of 6.22%. Analysts predict that monday.com will record an EPS of 0.46 for the current fiscal year.

Institutional Investment Updates

There have been recent changes in institutional ownership of monday.com. Oppenheimer & Co. Inc. increased its stake by 24.2% in the last quarter. Other firms like SBI Securities and UBS Asset Management have also adjusted their holdings. In total, institutional investors and hedge funds own approximately 73.70% of the company’s stock.

Company Overview

monday.com Ltd., alongside its subsidiaries, specializes in developing software applications across several regions, including the United States and Europe. The firm is known for its Work OS, a cloud-based visual operating system designed to create software applications and manage workflows.

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