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Where Monday.Com Stands With Analysts
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Where Monday.Com Stands With Analysts
Apr 22, 2024 6:21 AM

13 analysts have shared their evaluations of Monday.Com ( MNDY ) during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 7 2 0 0
Last 30D 1 0 0 0 0
1M Ago 0 2 1 0 0
2M Ago 2 0 0 0 0
3M Ago 1 5 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $246.15, a high estimate of $280.00, and a low estimate of $190.00. This current average has increased by 2.87% from the previous average price target of $239.29.

Interpreting Analyst Ratings: A Closer Look

An in-depth analysis of recent analyst actions unveils how financial experts perceive Monday.Com ( MNDY ). The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
David Hynes Canaccord Genuity Lowers Buy $220.00 $250.00
Steven Enders Citigroup Lowers Neutral $250.00 $277.00
Michael Berg Wells Fargo Announces Overweight $260.00 -
Pinjalim Bora JP Morgan Raises Overweight $270.00 $230.00
Silvan Tuerkcan Tigress Financial Raises Buy $280.00 $240.00
Michael Funk B of A Securities Announces Buy $280.00 -
George Iwanyc Oppenheimer Raises Outperform $240.00 $220.00
Gil Luria DA Davidson Maintains Neutral $190.00 -
Scott Berg Needham Maintains Buy $230.00 -
Brent Bracelin Piper Sandler Maintains Overweight $250.00 -
Jason Celino Keybanc Raises Overweight $242.00 $238.00
Jason Celino Keybanc Raises Overweight $238.00 $220.00
Brent Bracelin Piper Sandler Maintains Overweight $250.00 -

Key Insights:

Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Monday.Com ( MNDY ). This information offers a snapshot of how analysts perceive the current state of the company.

Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Monday.Com ( MNDY ) compared to the broader market.

Price Targets: Gaining insights, analysts provide estimates for the future value of Monday.Com's ( MNDY ) stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Monday.Com's ( MNDY ) market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Monday.Com ( MNDY ) analyst ratings.

Get to Know Monday.Com Better

Monday.com ( MNDY ) is a provider of work management software delivered via a cloud-based software-as-a-service model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.

Monday.Com: A Financial Overview

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Monday.Com's ( MNDY ) revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 35.12%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Monday.Com's ( MNDY ) net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 6.09%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Monday.Com's ( MNDY ) ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.57%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Monday.Com's ( MNDY ) ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.0% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.08.

Understanding the Relevance of Analyst Ratings

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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