monday.com Likely To Post Q2 Profit; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

monday.com Ltd. MNDY is expected to report its second-quarter financial results, before the opening bell on Aug. 14, 2023.

Analysts expect the company to post quarterly earnings at 17 cents per share, versus a year-ago loss of 33 cents per share. The company’s revenue might come in at $169.27 million, compared to $123.72 million in the year-ago period.

monday.com shares gained 1.9% to close at $155.32 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Steven Enders maintained a Buy rating and raised the price target from $167 to $224 on June 22, 2023. This analyst has an accuracy rate of 64%.
• Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $200 on May 31, 2023. This analyst has an accuracy rate of 74%.
• Goldman Sachs analyst Kash Rangan maintained a Buy rating and raised the price target from $210 to $240 on May 16, 2023. This analyst has an accuracy rate of 65%.
• Jefferies analyst Brent Thill maintained a Hold rating and increased the price target from $140 to $150 on May 16, 2023. This analyst has an accuracy rate of 74%.
• Canaccord Genuity analyst David Hynes maintained a Buy rating and raised the price target from $120 to $160 on Feb. 14, 2023. This analyst has an accuracy rate of 71%.

Read This Next: Top 5 Materials Stocks You May Want To Dump This Month