monday.com Ltd. (NASDAQ:MNDY) is one of the Hot AI Stocks on Wall Street’s Radar. On August 7, Baird analyst Rob Oliver upgraded the stock from Neutral to Outperform with a price target of $310.00 (from $280.00). The rating change is due to several factors including its strong position in collaborative work management software-aligning with the rise of generative artificial intelligence.
“We view workflow as an intelligence layer for companies to unlock GenAI and Agentic value. Checks via customer conversations, industry events, and covered/private companies point to MNDY as being well positioned in workflow, with an opportunity to exploit this leadership position to deliver broader value.” – Baird analysts Rob Oliver and Patrick Schulz, in a Wednesday investor note.
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The firm expects another strong quarter for the Israel-based company.
“As the SaaS space evolves with the evolution of AI, our medium/long-term investment decisions are increasingly driven by the sustainability of platform value. We are upgrading MNDY to Outperform as we see the company leveraging its early CWM lead to execute on this opportunity. Unlike competitors, MNDY has ‘productized’ its platform in way that delivers value around use-cases and buying centers. We encounter high investor interest among potential holders. We expect solid Q2 results and like the catalyst path into the September user conference and investor day.”
monday.com Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools.
While we acknowledge the potential of MNDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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