monday.com (MNDY) Announces New Agentic AI Infrastructure

monday.com Ltd. (NASDAQ:MNDY) is one of the 11 best software application stocks to buy now.

On March 11, monday.com Ltd. (NASDAQ:MNDY) unveiled new infrastructure that allows AI agents to register and function within the platform on behalf of people. The company revealed that they are now providing infrastructure that comprises both the infrastructure itself to enable AI agents from outside the platform to access the platform and work alongside its human users, as well as the onboarding of AI agents acting on behalf of humans.

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The debut of monday.com’s dedicated path for AI agents to manage projects, update workflows, automate procedures, provide reports, and more was also announced. This is based on the Monday agent builder that is now in beta and the Monday sidekick that is currently in use.

Back on February 23, Jefferies downgraded monday.com Ltd. (NASDAQ:MNDY) from a Buy rating to Hold. The firm also reduced its price target significantly from $260 to $80, which now yields a single-digit upside of more than 6%.

The firm attributed such downward adjustment to a “hazy outlook” across the company’s small business and enterprise segments. It also highlighted the ongoing AI-related risks that have led to continued pressure on the broader applications software space.

monday.com Ltd. (NASDAQ:MNDY) is a software applications developer that operates a cloud-based visual Work Operating System. This platform contains modular building blocks that are used for creating software applications and scaling workflows for enterprises. It delivers customized work management tools for efficient management of processes and projects.

While we acknowledge the risk and potential of MNDY as an 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 more promising than MNDY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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