Top AI Stocks to Watch in 2024: JFrog and monday.com

The stock market is always evolving, but one thing remains constant – the importance of technology stocks. In recent years, artificial intelligence (AI) has been at the forefront of the tech boom, with generative AI leading the way in 2022. This new evolution in AI technology allows companies to generate new content and materials, giving them a competitive edge in the market.

Barclays analyst Ryan MacWilliams sees great potential in AI-related companies, particularly in the DevOps market. DevOps, which focuses on increasing software development velocity through developer tools, is expected to see significant growth driven by AI demand. MacWilliams believes that companies that can leverage AI effectively will benefit from this trend.

Two AI picks that MacWilliams recommends are JFrog (FROG) and monday.com (MNDY). JFrog is a DevOps software firm that provides tools for seamless software updates and secure workflows. The company recently acquired Qwak AI, enhancing its machine learning capabilities. With a strong financial performance and positive outlook, JFrog is poised for growth.

On the other hand, monday.com offers cloud-based work management software powered by AI. The company has a large customer base and has integrated AI into its platform to streamline various functions. With strong earnings and growth potential, monday.com is well-positioned for success in the market.

Overall, both JFrog and monday.com have received a Strong Buy consensus rating from analysts, indicating confidence in their future performance. Investors looking for opportunities in the AI space may want to consider these two stocks for potential growth. As always, it’s important to conduct thorough research and analysis before making any investment decisions.