10 AI News Investors Shouldn’t Miss

2. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. It securely amalgamates operational, unstructured, and AI-related data to streamline building AI-enriched applications. On January 6^th, Guggenheim analyst Howard Ma upgraded MongoDB (MDB) to “Buy” from Neutral with a $300 price target. Once a star AI stock, MongoDB has suffered a rough 2024 which makes it “seems more like the ugly duckling in infrastructure software as of late than the soaring eagle it’s long been”. Nevertheless, Ma is optimistic about the database software company even after shares were down 30% since fiscal Q3 earnings on December 9.

This is because a recent channel check from the firm indicates that Q4 consumption augmented from Q3 and “assuming stable consumption in fiscal year 26, we see Atlas accelerating to 29% growth vs. more than 27% in FY25”. While the analyst doesn’t expect MongoDB to soar like an eagle once again, he does expect the company to offer investors a balanced growth and expanding margin.  Ma also noted that MongoDB is focusing on its Enterprise Advanced offering as well as adopting a “run anywhere” approach that can “meet the demand for running both core business apps and new AI workloads in hybrid environments”.