10 AI Stocks Making Waves on Wall Street

7. monday.com Ltd. (NASDAQ:MNDY)

Number of Hedge Fund Holders: 49

monday.com Ltd. (NASDAQ:MNDY) develops software applications globally, offering a cloud-based Work OS for creating work management tools. On January 6, Piper Sandler analyst Brent Bracelin maintained a Buy rating on Monday.com and lowered the firm’s price target on Monday.com (MNDY) to $345 from $350. According to the firm, the next $1 trillion annual spend could occur within 7 years with artificial intelligence and digital labor driving major growth in software spending. In particular, large companies have the advantage of bringing AI features to businesses. The firm also added that 2025-2026 could bring in a renewed appetite to invest in the application and data layers after three years of tempering growth.  Similarly, on January 17, Cantor Fitzgerald initiated coverage of Monday.com (MNDY) with an “Overweight” rating and a $292 price target. The firm believes it stands out in workflow automation, turning $161M in 2023 into nearly $1B in 2024.