Monday.Com Ltd (MNDY) stock expected to rise by 26.38%: What’s driving the optimism?

A share price of Monday.Com Ltd [MNDY] is currently trading at $234.15, up 6.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MNDY shares have gain 3.90% over the last week, with a monthly amount drifted -16.98%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Monday.Com Ltd [NASDAQ: MNDY] stock has seen the most recent analyst activity on December 13, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Scotiabank started tracking the stock with Sector Outperform rating on November 19, 2024, and set its price target to $325. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $325 on October 10, 2024. Robert W. Baird initiated its recommendation with a Neutral and recommended $250 as its price target on July 23, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 09, 2024, and assigned it a price target of $300. In a note dated June 26, 2024, Barclays initiated an Overweight rating and provided a target price of $275 on this stock.

Monday.Com Ltd experienced fluctuations in its stock price throughout the past year between $174.75 and $324.99. Currently, Wall Street analysts expect the stock to reach $295.91 within the next 12 months. Monday.Com Ltd [NASDAQ: MNDY] shares were valued at $234.15 at the most recent close of the market. An investor can expect a potential return of 26.38% based on the average MNDY price forecast.

Analyzing the MNDY fundamentals

Trailing Twelve Months sales for Monday.Com Ltd [NASDAQ:MNDY] were 906.59M which represents 32.67% growth. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.

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 229.72 points at the first support level, and at 225.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.39, and for the 2nd resistance point, it is at 240.62.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Monday.Com Ltd [NASDAQ:MNDY] is 2.67. Also, the Quick Ratio is 2.67, while the Cash Ratio stands at 2.45. Considering the valuation of this stock, the price to sales ratio is 12.88, the price to book ratio is 12.02 and price to earnings (TTM) ratio is 571.93.

Transactions by insiders

Recent insider trading involved Mann Roy, Officer, that happened on Dec 16 ’24 when 50000.0 shares were purchased. Officer, Zinman Eran completed a deal on Dec 04 ’24 to buy 76000.0 shares. Meanwhile, Officer Osherov Yoni bought 12750.0 shares on Nov 25 ’24.

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