We recently published a list of Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street. In this article, we are going to take a look at where monday.com Ltd. (NASDAQ:MNDY) stands against other top beaten down large cap stocks that can double according to Wall Street.

There was a point in the early days of Donald Trump’s presidency when the stock market looked set for a bull run. Bit by bit, the market digested geopolitical issues, trade wars, and recession fears. It looked like these were temporary concerns only.

We’re now less than two months into the presidential term and every consensus trade seems to be unravelling in front of our eyes. Investors are panicking and the state of the US economy looks fragile, with recession knocking on the door.

Investors operating in capital markets do not have the luxury of getting out of the market. No matter how the market behaves, they will still be here hunting for opportunities. That’s exactly what we do as well. As the market tanks, we decided to look at beaten down stocks that could comfortably outpace the market if bought after the current sell off.

To come up with our list of 10 beaten down large cap stocks that can double according to Wall Street, we considered stocks that have a market cap of at least $10 billion, have been hammered in the past week, and have a Wall Street price target that could see the stock double from current levels.

Software engineers collaborating on a project while seated in a shared workspace.

monday.com Ltd. (NASDAQ:MNDY)

monday.com Ltd. (NASDAQ:MNDY) is a software applications developer that offers Work OS, which is a cloud-based visual work platform. monday.com Ltd. (NASDAQ:MNDY) 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 monday.com Ltd. (NASDAQ:MNDY). So when the stock presents a significant dip like the current one, investors may not want to sit on the sidelines.

Overall, MNDY ranks 3rd on our list of top beaten down large cap stocks that can double according to Wall Street. While we acknowledge the potential of MNDY as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as MNDY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.