On Sep 25, major Wall Street analysts update their ratings for $monday.com (MNDY.US)$, with price targets ranging from $295 to $327.
Citi analyst Steve Enders maintains with a hold rating, and adjusts the target price from $250 to $327.
Barclays analyst Ryan MacWilliams maintains with a buy rating, and maintains the target price at $300.
Jefferies analyst Brent Thill maintains with a buy rating, and maintains the target price at $300.
Loop Capital analyst Mark Schappel maintains with a buy rating, and adjusts the target price from $285 to $310.
CCORF analyst David Hynes maintains with a buy rating, and maintains the target price at $295.
Furthermore, according to the comprehensive report, the opinions of $monday.com (MNDY.US)$'s main analysts recently are as follows:
The revised valuation for Monday.com is attributed to updated models and preferences within the back office software sector following Q2 outcomes. There is a perception of potential for small to mid-cap software companies to adjust their valuations favorably during a cycle more accepting of risk, coupled with stable IT budget expenditures and the emergence of AI opportunities. Preference has shifted towards certain companies in the software sector, with an emphasis on a well-known large-cap company as a top pick.
Following Monday.com's Elevate user conference, the company's development into a multi-product platform was reinforced by management's presentation. It highlighted the successful expansion from its traditional work management tools to new, adjacent use cases. The company's focus on innovation is evident and appears to be well-received by its customer base. Additionally, the strategic acquisition of a competitor is seen as a tactical move that could enhance Monday.com's market presence and attract more investor attention.
Here are the latest investment ratings and price targets for $monday.com (MNDY.US)$ from 5 analysts:
Note:
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