What Analysts Are Saying About Monday.Com Stock
Portfolio Pulse from Benzinga Insights
Monday.Com (NASDAQ:MNDY) received mixed analyst ratings, with a shift towards bullish sentiment in the last quarter. The average 12-month price target is $229.64, marking a 9.48% increase from the previous target. The company's financial performance shows strong net margin and ROA, but lower ROE and market capitalization compared to industry averages. Analysts' actions and price target adjustments reflect changing market dynamics and company performance.
February 26, 2024 | 1:00 pm
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Monday.Com's stock received mixed ratings from analysts, with a recent shift towards a more bullish sentiment. The average 12-month price target has increased to $229.64. Financial indicators show strong net margin and ROA, but challenges in ROE and market capitalization.
The increase in the average 12-month price target and the shift towards more bullish ratings from analysts suggest a positive outlook for Monday.Com's stock in the short term. The company's strong net margin and ROA are positive indicators of financial health, although the lower ROE and market capitalization compared to industry averages could be areas of concern. However, the overall analyst sentiment and financial performance indicators suggest a likely positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100