20 Trending AI Stocks on Latest News and Ratings

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13. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 54

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. It harnesses AI to streamline the building of AI-enriched applications, enhance generative AI deployments, and integrate machine learning models. For instance, MongoDB Atlas, the cloud-based version of MongoDB, helps streamline the building of AI-enriched applications by unifying operational, unstructured, and AI-related data.

Following a strong second-quarter performance, MongoDB, Inc. (NASDAQ:MDB) has been the focus of several positive analyst reviews. On October 11, DA Davidson analyst Rudy Kessinger maintained a Buy rating on MongoDB, Inc. (NASDAQ:MDB) and raised the price target from $330 to $340. Highlighting a recent discussion with the management of MongoDB, Inc. (NASDAQ:MDB), DA Davidson highlighted the challenges of holding MongoDB stock for short-term investors due to unpredictable consumption growth trends, yet continues to endorse it for long-term investors.

Piper Sandler has also been reinforcing MongoDB, Inc. (NASDAQ:MDB) as a worthwhile investment stock in cloud software, alongside two other stocks.

“We recommend large-cap growth investors to take on more risk and increase their position in ‘MAC’ (MAC refers to Adobe, MongoDB, and Salesforce). These are stocks that have underperformed market expectations, with average prices still 26% below their 52-week highs, despite having healthy product and profit catalysts, as well as favorable risk-return profiles”.

According to Piper Sandler, the stock is expected to recover from its decline over the next few quarters.

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