Monday.com Shares Soar 1.96% Ahead of Earnings

Monday.com (MNDY) shares surged 1.96% today, marking the third consecutive day of gains, with a cumulative increase of 3.07% over the past three days. The stock price reached its highest level since March 2025, with an intraday gain of 2.90%.

The strategy of buying MNDY shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 9.77% gain. This suggests that the strategy captured some of the subsequent volatility and price movements, but the overall performance was relatively conservative. The 5-year Sharpe ratio was 1.56, indicating good risk-adjusted returns.

JPMorgan Chase & Co. recently lowered its target price for monday.com from $400.00 to $350.00. This adjustment could potentially dampen investor enthusiasm and lead to fluctuations in the stock price. The revised target price reflects a more cautious outlook on the company's future performance, which may influence market sentiment and trading decisions.

In addition to the target price reduction, monday.com is scheduled to release its Q1 2025 quarterly earnings results on May 12th. This upcoming announcement is anticipated to have a significant impact on the stock price, as investors will closely scrutinize the company's financial performance and guidance for the remainder of the year. Positive earnings surprises or optimistic forward-looking statements could drive the stock higher, while disappointing results or cautious guidance could lead to a sell-off.