12 Most Promising AI Stocks According to Wall Street Analysts

2) MongoDB, Inc. (NASDAQ:MDB)

Average Upside Potential: ~53.6%

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) is a key enabler in the AI ecosystem, which offers a modern and scalable database platform supporting the data-driven nature of AI applications. Macquarie initiated coverage on the company’s shares with a “Neutral” rating and a price target of $300, lauding its appeal among developers, primarily for AI applications. Also, Cantor Fitzgerald initiated coverage on the company’s shares with an “Overweight” rating and a $344 price target. MongoDB, Inc. (NASDAQ:MDB) saw this upgrade because of its fast-growing cloud service, MongoDB Atlas.

MongoDB Atlas is a fully managed cloud database service, making up 68% of total Q3 2025 revenue. As per the firm, AI-driven demand is expected to push growth into the mid-20% range for FY25, beating the estimates of 17%. MongoDB, Inc. (NASDAQ:MDB)’s AI-driven demand stems from its capability to handle unstructured data, large datasets, and support for real-time data analytics.

MongoDB, Inc. (NASDAQ:MDB) continues to invest in its legacy app modernization and AI offerings as its document model and distributed architecture remain well-suited for customers focused on building highly-performant, modern applications.  Therefore, the company is in a strong position to act as a central pillar of the emerging AI tech stack and reap the benefits from the next wave of application development over the upcoming years.