Where Monday.Com Stands With Analysts
Portfolio Pulse from Benzinga Insights
Monday.Com (NASDAQ:MNDY) has received mixed analyst ratings over the past three months, with a total of 13 analysts offering evaluations. The ratings range from bullish to indifferent, with recent actions including both raises and lowers in price targets. The average 12-month price target for MNDY is now $246.15, up 2.87% from the previous average. Analysts' actions reflect their responses to market conditions and company performance, with price targets ranging from $190.00 to $280.00. Monday.Com, a provider of cloud-based work management software, has shown notable revenue growth of 35.12% over the past three months but faces challenges in net margin and ROE, despite a strong ROA and a low debt-to-equity ratio.
April 22, 2024 | 1:01 pm
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POSITIVE IMPACT
Monday.Com has received mixed reviews from analysts, with a recent uptick in the average price target to $246.15, indicating a positive outlook from some analysts despite challenges in profitability and efficiency metrics.
The mixed analyst ratings with a recent increase in the average price target suggest a cautiously optimistic outlook for Monday.Com. The positive revenue growth rate significantly above industry average positions MNDY favorably, yet concerns about net margin and ROE may temper investor enthusiasm. The adjustments in price targets by analysts reflect a nuanced view of the company's prospects, balancing strong growth potential against operational challenges. The overall positive adjustment in price targets, despite some analysts lowering their targets, indicates a belief in the company's value proposition and market position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100