11 Most Undervalued Mid Cap Stocks to Buy Now

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

Number of Hedge Fund Holders: 55

Monday.com Ltd. (NASDAQ:MNDY) is one of the most undervalued mid cap stocks to buy now. On February 10, TD Cowen lowered its price target on Monday.com to $125 from $200 with a Buy rating. The firm noted that Q2 results were below expectations due to disruption in paid search channels from AI search, though it highlighted that upmarket momentum remains a strong point for the company.

DA Davidson lowered its price target on Monday.com on the same day to $100 from $150 with its Buy rating. The firm noted that the company’s quarterly beat was smaller than usual due to uncertain demand trends within its small and medium-sized business customer base. Consequently, management’s guidance for the upcoming period fell short of consensus analyst expectations.

Cantor Fitzgerald analyst Thomas Blakey also lowered the firm’s price target on Monday.com Ltd. (NASDAQ:MNDY) to $95 from $148 while keeping an Overweight rating. Blakey noted that the company is expected to face reduced forecasts for 2026 and 2027, entering a more stringent ‘show me’ phase. This shift follows management’s signal that it will no longer discuss its previously stated $1.8 billion revenue target for 2027.

Monday.com Ltd. (NASDAQ:MNDY), together with its subsidiaries, develops software applications internationally. The company provides Work OS, a cloud-based visual work OS that consists of modular building blocks used and assembled to create software applications and work management tools.

While we acknowledge the potential of MNDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNDY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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