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MarketBeat
MarketBeat
Business
Thomas Hughes

MongoDB: It’s No Trick, This AI Play Is a Treat

MongoDB MDB MarketBeat

MongoDB (NASDAQ: MDB) was on track to end October as the Most Upgraded stock, as tracked by MarketBeat. The only reason it didn’t is that Alphabet reported its earnings on Oct. 30, outperforming the consensus, providing solid guidance, and sparking a round of bullish analyst revisions. The takeaway is that MongoDB, once in the doghouse because it wasn’t living up to AI-inflated expectations, is back in favor.

The data reveals a significant shift in the outlook, reflected in the stock’s price, and a catalyst ahead to drive another improvement in market sentiment. 

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