MongoDB (MDB) Seen as a Leader in Database Growth, BofA Says

MongoDB, Inc. (NASDAQ:MDB) is one of the 10 AI Stocks Analysts Are Watching. On January 30, BofA Securities analyst Brad Sills raised the price target on the stock to $500.00 (from $480.00) while maintaining a “Buy” rating. The firm sees MDB as a leader in database growth, with room for multiple expansion. BofA’s buy rating on the database vendor is driven by its accelerating Atlas revenue growth, which reached 30% year-over-year in the third fiscal quarter from 29% in the second quarter. The firm point ...