What is the Price Targets for monday.com Ltd. (MNDY)?

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monday.com Ltd. (NASDAQ:MNDY) saw an upside of 9.56% to $111.86 after adding $9.76 on Tuesday. The 5-day average trading volume is 1,306,544 shares of the company’s common stock. It has gained $116.54 in the past week and touched a new high 4 times within the past 5 days. An average of 728,521 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 676,506.

MNDY’s 1-month performance is 11.60% or $18.82 on its low of $73.58 reached on 11/09/22. The company’s shares have touched a 52-week low of $73.58 and high of $419.57, with the stock’s rally to the 52-week high happening on 01/03/22. YTD, MNDY has lost -66.93% or -$198.41 and has reached a new high 1 time. However, the current price is down -73.34% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.86 while the price-to-book (PB) in the most recent quarter is 7.17.

monday.com Ltd.’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 3.20.. In terms of profitability, the gross margin trailing 12 months is 87.00%. The firm’s gross profit as reported stood at $269.14 million against revenue of $308.15 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$129.29 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MNDY to announce -$0.75 per share in earnings in its latest quarter, but it posted -$0.33, representing a 56.00% surprise. EBITDA for the quarter stood at more than -$66.37 million. MNDY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 297.39 million, with total debt at $58.59 million.

Let’s look briefly at monday.com Ltd. (MNDY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 14 November was 65.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 124.72%.

The stock’s 5-day moving average is $93.57, reflecting a +37.84% or $30.28 change from its current price. MNDY is currently trading +9.39% above its 20-day SMA, -9.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.46% and SMA200 by-47.30%.

Stochastic %K and %D was 68.69% and 48.81% and the average true range (ATR) pointed at 10.97. The RSI (14) points at 58.44%, while the 14-day stochastic is at 85.50% with the period’s ATR at 10.19. The stock’s 9-day MACD Oscillator is pointing at 13.65 and 8.40 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for monday.com Ltd. (NASDAQ: MNDY), KeyBanc Capital Markets launched coverage with an Overweight rating. Analysts offering their rating for MNDY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MNDY as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.

What is MNDY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $115.00 and a high of $230.00, with their median price target at $139.50. Looking at these predictions, the average price target given by analysts is for monday.com Ltd. (MNDY) stock is $147.63.

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