10 Best Up and Coming Stocks to Buy According to Wall Street

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

Number of Hedge Fund Holders: 55

Average Upside Potential as of January 6: 63.01%

Monday.com Ltd. (NASDAQ:MNDY) is one of the best up and coming stocks to buy according to Wall Street. On January 5, Jefferies lowered the firm’s price target on Monday.com to $260 from $300 with a Buy rating on the shares. In a sector outlook note, the firm suggested that 2026 will likely be characterized by the continued monetization of AI. To calm investor fears regarding AI’s potential to disrupt traditional software, Jefferies believes that the industry needs to show more growth and acceleration, which will require a more selective investment approach. The firm remains confident that the software layer will eventually capture AI value, but advises patience as sector valuations have already returned to historical averages.

On December 23, Citi lowered the firm’s price target on Monday.com to $293 from $319 and kept a Buy rating on the shares. After direct consultations with application software management, Citi updated its 2026 financial models and described a stable yet cautious demand environment that found relief in the reopening of the US government.

Furthermore, on December 16, BTIG initiated coverage of Monday.com Ltd. (NASDAQ:MNDY) with a Buy rating and $210 price target. BTIG emphasized that Monday.com is evolving beyond its origins in work management, with new product ARR reaching ~$133 million (10% of the total) and expanding at an 84% year-over-year rate. The firm noted that the company is accelerating its go-to-market strategy by using this multi-product expansion, successfully moving upmarket to larger enterprises, and maintaining strong customer retention.

Monday.com Ltd. (NASDAQ:MNDY), together with its subsidiaries, develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally.