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Benzinga
Benzinga
Business
Anusuya Lahiri

MongoDB Gains Momentum As AI Use And Cloud Platform Growth Accelerate: Analyst

MongoDB Daniel Ives MDB Wedbush Atlas Voyage
MongoDB

Wedbush analyst Daniel Ives maintained MongoDB (NASDAQ:MDB) with an Outperform and raised the price forecast from $300 to $400.

Ives cited the company's successful push into enterprise markets and renewed momentum in its cloud business. The analyst added MongoDB to Wedbush's Best Ideas List, and projected that the company is entering its "next stride" as AI use cases expand significantly in the coming years.

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