Monday.Com Ltd (MNDY) stock: 12-month forecast projects -1.61% potential drop%

A share price of Monday.Com Ltd [MNDY] is currently trading at $274.33, up 5.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MNDY shares have gain 5.92% over the last week, with a monthly amount glided 2.10%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Monday.Com Ltd [NASDAQ: MNDY] stock has seen the most recent analyst activity on July 23, 2024, when Robert W. Baird initiated its Neutral rating and assigned the stock a price target of $250. Previously, Wolfe Research started tracking the stock with Outperform rating on July 09, 2024, and set its price target to $300. On June 26, 2024, Barclays initiated with a Overweight rating and assigned a price target of $275 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $250 on April 10, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $260 as its price target on April 09, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on March 21, 2024, and assigned it a price target of $275. In a note dated February 26, 2024, BofA Securities initiated an Buy rating and provided a target price of $280 on this stock.

Monday.Com Ltd experienced fluctuations in its stock price throughout the past year between $122.13 and $272.77. Currently, Wall Street analysts expect the stock to reach $269.92 within the next 12 months. Monday.Com Ltd [NASDAQ: MNDY] shares were valued at $274.33 at the most recent close of the market. An investor can expect a potential drop of -1.61% based on the average MNDY price forecast.

Analyzing the MNDY fundamentals

Trailing Twelve Months sales for Monday.Com Ltd [NASDAQ:MNDY] were 844.78M which represents 34.40% growth. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 268.43 points at the first support level, and at 262.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 279.08, and for the 2nd resistance point, it is at 283.84.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Monday.Com Ltd [NASDAQ:MNDY] is 2.63. Further, the Quick Ratio stands at 2.63, while the Cash Ratio is 2.48. Considering the valuation of this stock, the price to sales ratio is 16.19, the price to book ratio is 14.75 and price to earnings (TTM) ratio is 345.16.

Transactions by insiders

Recent insider trading involved Glazer Eliran, Officer, that happened on Sep 03 ’24 when 21019.0 shares were purchased. Officer, Zinman Eran completed a deal on Sep 03 ’24 to buy 35110.0 shares. Meanwhile, Officer Mann Roy bought 80110.0 shares on Sep 03 ’24.

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