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Needham Reaffirms Their Buy Rating on Monday.com (MNDY)

In a report released today, Scott Berg from Needham reiterated a Buy rating on Monday.com (MNDYResearch Report), with a price target of $230.00. The company’s shares closed yesterday at $150.53.

Berg covers the Technology sector, focusing on stocks such as Avalara, Cvent Holding, and SPS Commerce. According to TipRanks, Berg has an average return of 9.8% and a 51.69% success rate on recommended stocks.

Currently, the analyst consensus on Monday.com is a Strong Buy with an average price target of $200.00, a 32.86% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $180.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

MNDY market cap is currently $6.79B and has a P/E ratio of (38.84).

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Monday.Com Ltd is a project management tool that enables organizations to manage tasks, projects, and teamwork. It provides solutions such as Project Management, Marketing, Sales and CRM, Task Management, Software Development, Construction, Creative Production, Remote Work, HR, IT, among others.

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