On Sep 26, major Wall Street analysts update their ratings for $monday.com (MNDY.US)$, with price targets ranging from $300 to $340.
Goldman Sachs analyst Kash Rangan maintains with a buy rating, and maintains the target price at $340.
J.P. Morgan analyst Pinjalim Bora maintains with a buy rating.
BofA Securities analyst Michael Funk maintains with a buy rating, and maintains the target price at $300.
Wells Fargo analyst Michael Berg maintains with a buy rating, and maintains the target price at $315.
Jefferies analyst Brent Thill maintains with a buy rating, and maintains the target price at $300.
Furthermore, according to the comprehensive report, the opinions of $monday.com (MNDY.US)$'s main analysts recently are as follows:
Following Q2 results, there is an anticipation of a potential re-rating for certain underappreciated small to mid-cap software companies during a more risk-accepting rate cut cycle, coupled with stable IT budget expenditure and the emergence of artificial intelligence opportunities.
Following a conference, there is a positive sentiment based on customer and partner feedback, particularly regarding CRM. It is believed that CRM is becoming an important driver for both new sales and cross-selling opportunities, with significant new developments anticipated.
Following the company's Elevate user conference, it's noted that the management's insights reinforced the view that Monday.com is successfully progressing with its multi-product transition strategy. The company is making notable progress in expanding from its foundational work management tools to new, adjacent use cases. The emphasis on continual innovation is a primary focus that appears to be resonating well with customers. Additionally, the recent acquisition of a competitor is anticipated to provide tactical advantages to Monday.com and enhance the visibility of the company's opportunities to a wider range of investors.
Here are the latest investment ratings and price targets for $monday.com (MNDY.US)$ from 9 analysts:
Note:
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