monday.com Ltd (Symbol: MNDY) has seen its shares rise above the average analyst 12-month price target of $319.86, trading at $326.58 per share. When stocks hit an analyst’s target, they typically either downgrade their valuation or increase their target. Reactions may also vary based on positive business news that could lead to higher stock prices, suggesting an increase in the target price could be warranted.
Diverse Analyst Opinions on monday.com’s Future
Within the Zacks coverage universe, a total of 21 analysts’ targets contribute to the average for monday.com Ltd. This average includes a range of predictions: one analyst expects a price as low as $275.00, while another projects as high as $355.00. The standard deviation among targets stands at $23.902.
Understanding the Value of Collective Predictions
The average target price is important because it represents a consensus view, a “wisdom of crowds” approach that combines multiple insights from various analysts, rather than relying solely on individual forecasts. As MNDY trades above the average target price of $319.86, this signals to investors a moment to evaluate the company’s prospects: Is the current price on a path to an even higher target, or is it time to consider cashing in some gains? Below is a summary of recent analyst ratings for monday.com Ltd:
| Recent MNDY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 17 | 15 | 16 | 15 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 4 | 5 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.43 | 1.55 | 1.45 | 1.48 |
The average rating noted in the table is based on a scale of 1 to 5, where 1 signifies Strong Buy and 5 signifies Strong Sell. Data for this article has been sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on MNDY for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
