12 Trending AI Stocks on Latest News and Ratings

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6. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc.’s (NASDAQ:MDB) solutions support AI-driven data management and are used across cloud, on-premises, and hybrid environments.

On December 12, Argus raised its price target for MongoDB (NASDAQ:MDB) to $360 from $336, maintaining a Buy rating after the company’s Q3 results. The firm highlighted MongoDB’s key role in driving innovation and product development, especially with the anticipated growth of generative AI applications. Argus also supports the company’s strategy of investing in go-to-market initiatives and expanding its salesforce, despite a planned reduction in operating margins for FY25.

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