Jim Cramer’s Bold Predictions About These 15 AI Stocks

13. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders In Q3 2024: 49

Date of Cramer’s Comments: September 12th, 2024

Performance Since Then: -1.88%

MongoDB, Inc. (NASDAQ:MDB) is a software-as-a-service (SaaS) company that provides firms with the capability to store and manage their data through databases. Since Cramer’s remarks, its shares have lost 1.88% primarily due to a 17% slip in December when investors reacted to the surprising departures of the firm’s CEO and COO. Year-to-date, MongoDB, Inc. (NASDAQ:MDB)’s shares are up by 18.40%, on the back of positive industry developments and analyst coverage. Here’s what Cramer had said in September:

“You know, MongoDB is an enterprise software company that put up terrific numbers and isn’t getting credit in the same way Salesforce and others are. People tend to dislike enterprise software, except for ServiceNow. I think MongoDB is at the right price.”