Top 15 AI Stock News and Ratings Dominating Wall Street

9. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) is a database management system (DBMS) that supports operational, unstructured, and AI-related data often used in building applications. On December 10, the company posted its third-quarter results, reporting earnings per share of $1.16 on revenue of $529.4 million, beating Wall Street’s estimate of 67 cents on revenue of $497.7 million. The company also highlighted continued investments in “legacy app modernization and AI offerings” in its earnings report. The same day, Mizuho raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $320 from $275 and kept a “Neutral” rating on the shares.

The analyst told investors in a research note that MongoDB has reported “robust” Q3 results and raised its fiscal 2025 revenue growth guidance. The firm further noted that the company is focusing more on enterprise customers and reducing it from mid-market segments, allocating sales and engineering resources accordingly. Moreover, Mizuho stated that it is unlikely for the company’s artificial intelligence opportunity to drive revenue in the near term. However, it is going to witness strong long-term growth potential from AI-driven opportunities.