Monday.com Shares Plunge 1.54% on 33.33% Volume Drop Ranks 491st in Market Activity

monday.com (MNDY) closed Monday with a 1.54% decline to $175.74, trading on a volume of $210 million, a 33.33% drop from the previous day's activity. The stock ranked 491st in trading volume among listed equities.

Analysts at Needham & Company reiterated a "buy" rating with a $250 price target, representing a 42.26% potential upside from the prior close. Recent institutional activity shows mixed adjustments: Piper Sandler reduced its target to $300 from $325 while maintaining an "overweight" rating; Bank of America cut its target to $240 from $340 but retained a "buy" stance. Goldman Sachs also lowered its target to $270 from $350. Institutional investors including Spire Wealth Management and CWM LLC increased their holdings during the first and second quarters, reflecting ongoing confidence in the company's long-term outlook.

Financial performance highlights include Q2 earnings of $1.09 per share, exceeding estimates by $0.25, and revenue growth of 26.6% year-over-year to $299.01 million. The stock currently trades at a 52-week low of $171.54 and a 52-week high of $342.64, with a 50-day moving average at $276.72 and a 200-day average at $274.76. Despite a 6.32% return on equity, the company's price-to-earnings ratio of 237.49 indicates elevated valuation multiples relative to earnings.

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