monday.com (NASDAQ:MNDY) Given New $139.00 Price Target at KeyCorp

monday.com (NASDAQ:MNDYGet Rating) had its price target lifted by investment analysts at KeyCorp from $135.00 to $139.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 36.14% from the stock’s previous close.

MNDY has been the topic of several other research reports. Canaccord Genuity Group increased their price target on monday.com from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Loop Capital initiated coverage on monday.com in a report on Monday, September 12th. They set a “buy” rating and a $175.00 price target on the stock. Cowen increased their price target on monday.com from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. DA Davidson increased their target price on monday.com from $145.00 to $175.00 in a research note on Tuesday, August 9th. Finally, Credit Suisse Group initiated coverage on monday.com in a research note on Friday, September 23rd. They issued an “outperform” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average target price of $190.47.

monday.com Stock Performance

NASDAQ:MNDY opened at $102.10 on Tuesday. The stock’s fifty day moving average is $109.60 and its 200 day moving average is $111.95. monday.com has a fifty-two week low of $73.58 and a fifty-two week high of $419.57. The firm has a market capitalization of $4.51 billion, a PE ratio of -26.38 and a beta of 1.24.

Hedge Funds Weigh In On monday.com

A number of hedge funds and other institutional investors have recently made changes to their positions in MNDY. Tiger Global Management LLC boosted its position in monday.com by 937.9% during the first quarter. Tiger Global Management LLC now owns 2,075,846 shares of the company’s stock valued at $328,129,000 after purchasing an additional 1,875,846 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in monday.com by 47.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,091,710 shares of the company’s stock valued at $215,781,000 after purchasing an additional 668,816 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in monday.com during the second quarter valued at about $33,056,000. Renaissance Technologies LLC boosted its position in monday.com by 109.3% during the second quarter. Renaissance Technologies LLC now owns 416,800 shares of the company’s stock valued at $42,997,000 after purchasing an additional 217,700 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in monday.com during the third quarter valued at about $24,428,000. Institutional investors own 64.64% of the company’s stock.

monday.com Company Profile

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monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.

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