12 AI Stocks Making Waves on Wall Street Today

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8. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 70

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications. On May 20, Loop downgraded the stock to “Hold” from Buy and decreased the price target from $350.00 to a new target of $190.00. The firm said AI tailwinds are emerging more slowly than expected for the software company.

“We are downgrading our rating on MDB from Buy to Hold and lowering our PT from $350 to $190.”

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