Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street

3. Monday.com Ltd. (NASDAQ:MNDY)

Monday.com Ltd. is a software applications developer that offers Work OS, which is a cloud-based visual work platform. The company also provides Monday work management, WorkForms, and WorkCanvas. The stock is down 16% after the last week’s carnage but the company’s AI bull thesis is intact.

Wall Street analysts have a highest price target of $455 on the stock, almost double the current levels. Even the lowest price target of $310 implies a 33% upside. In just one month, the stock has lost 29% of its value yet analysts are bullish on the stock.

In its earnings report last month, the company announced it was doubling down on its AI efforts:

As we look to 2025, we are excited to double-down on our AI efforts, with a focus on AI Blocks, Product Power-ups, and our new Digital Workforce of AI Agents. We believe AI can be a game-changer for our customers, giving them the ability to transform their workflows and scale faster than ever before.

Now that the stock has come back to pre-earnings levels for no apparent reason, this is an opportunity investors don’t want to miss. KeyBanc analysts upgraded the stock after the earnings report with a $420 price target. The firm believes waiting for the perfect entry point isn’t worth it when it comes to MNDY. So when the stock presents a significant dip like the current one, investors may not want to sit on the sidelines.