12 Best Technology Stocks According to Wall Street Analysts

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10. MongoDB Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 72

Average Upside Potential as of June 19: 34.70%

MongoDB Inc. (NASDAQ:MDB) is one of the best technology stocks according to Wall Street analysts. On June 18, Cohesity announced a significant enhancement to its data protection capabilities for MongoDB. This integration is now available for Cohesity DataProtect and aims to provide advanced performance and control for backing up and recovering MongoDB databases, particularly for large, mission-critical workloads.

The announcement positions Cohesity as one of the first data protection software providers to offer MongoDB workload protection through the official MongoDB Third Party Backup Ops Manager API. The development is crucial for global banking, financial services, and Fortune 500 enterprises that have extremely low tolerance for risk and strict resilience requirements.

The deepened integration offers improved cyber resilience, such as greater speed, with parallel data streams. This leads to MongoDB database restorations up to 4 times faster than traditional methods. The Cohesity-MongoDB integration also delivers cyber-resilient ransomware protection through immutable backups, role-based access control/RBAC, and end-to-end encryption.

MongoDB Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. Cohesity is the leader in AI-powered data security.

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