10 Must-Watch AI Stocks on Wall Street

8. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 75

MongoDB, Inc. (NASDAQ:MDB) is one of the 10 Must-Watch AI Stocks on Wall Street. On August 27, Macquarie analyst Steve Koenig raised the price target on the stock to $265.00 (from $230.00) while maintaining a Neutral rating.

The firm raised its earnings estimates for FY26-FY28 on the back of MongoDB’s encouraging 2Q results. It also highlighted how the database software company’s strategic shift in its go-to-market approach seems to be gaining traction.

Overall, the company’s overall long-term future depends on an AI-driven transformation of its market position.

“• We raise our FY26-28E earnings by 12-21% and target price to $265 from $230 following MDB’s encouraging 2Q results. • We think MDB’s go-to-market changes to focus on strategic accounts and win higher-quality workloads are gaining traction. • MDB’s long-term future likely depends on an AI-driven transformation of its market position, which isn’t yet driving revenue growth.”