monday.com (NASDAQ:MNDY) Given New $115.00 Price Target at BTIG Research

monday.com (NASDAQ:MNDY) had its target price trimmed by BTIG Research from $135.00 to $115.00 in a report released on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

MNDY has been the topic of several other research reports. Needham & Company LLC cut their price objective on shares of monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Jefferies Financial Group downgraded shares of monday.com from a “buy” rating to a “hold” rating and cut their price objective for the company from $260.00 to $80.00 in a report on Monday, February 23rd. UBS Group dropped their target price on monday.com from $140.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Piper Sandler upped their target price on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Morgan Stanley dropped their target price on monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average target price of $132.78.

monday.com Stock Down 6.4%

MNDY opened at $71.99 on Tuesday. monday.com has a 52-week low of $57.50 and a 52-week high of $316.98. The company has a market cap of $3.68 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The firm’s 50-day moving average price is $70.49 and its 200-day moving average price is $114.17.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 4.61%. The firm had revenue of $351.27 million for the quarter. On average, research analysts anticipate that monday.com will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Hedge funds have recently bought and sold shares of the stock. WCM Investment Management LLC boosted its position in monday.com by 2.8% in the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after purchasing an additional 115,353 shares in the last quarter. Ibex Investors LLC purchased a new stake in monday.com in the 3rd quarter worth approximately $34,864,000. Baillie Gifford & Co. boosted its position in monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock worth $137,186,000 after purchasing an additional 408,848 shares in the last quarter. TenCore Partners LP boosted its position in monday.com by 42.2% in the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock worth $27,386,000 after purchasing an additional 41,935 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in monday.com by 17.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after purchasing an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Key monday.com News

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

• Positive Sentiment: monday.com reported Q1 EPS of $1.15 versus the $0.96 estimate and revenue of $351.27 million versus $339.07 million expected, signaling a meaningful earnings beat. Article Title
• Positive Sentiment: The company lifted its outlook, with Q2 revenue guidance of $354 million to $356 million and FY 2026 revenue guidance around $1.5 billion, reinforcing confidence in the growth story. Article Title
• Positive Sentiment: Management’s strategic shift toward consumption-based AI credits and broader AI platform adoption is being viewed as a potential growth catalyst for future monetization. Article Title
• Neutral Sentiment: Citigroup and BTIG both reduced price targets, but they kept buy ratings, suggesting analysts still see substantial upside from current levels despite the cuts. Article Title
• Negative Sentiment: monday.com is still facing class-action lawsuit headlines and investor-rights firm reminders about deadlines, which can keep sentiment somewhat cautious around the shares. Article Title

monday.com Company Profile

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.