12 Analysts Have This To Say About Monday.Com
Portfolio Pulse from Benzinga Insights
Monday.Com (NASDAQ:MNDY) has been analyzed by 12 analysts, showing a shift towards a more bullish outlook with an increase in the average price target to $245.00 from $225.43. Analysts from firms like JP Morgan and Tigress Financial have raised their price targets, reflecting optimism about the company's future performance. Monday.Com's financial indicators such as revenue growth and net margin are strong, but its ROE is below industry averages. The company's market positioning and operational scale are also discussed, highlighting its global presence and innovative platform.
March 25, 2024 | 12:01 pm
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POSITIVE IMPACT
Monday.Com's stock may see a positive short-term impact due to the raised price targets and bullish sentiment from analysts, alongside strong financial performance indicators.
The increase in the average price target and the positive adjustments by analysts from reputable firms suggest a strong bullish sentiment towards MNDY. This, combined with the company's impressive revenue growth and net margin, positions MNDY favorably in the short term. However, the below-average ROE indicates potential challenges in maximizing returns on equity, which investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100