15 AI Stocks That Are Skyrocketing

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9. MongoDB, Inc. (NASDAQ:MDB)

6-Month Performance: 68.79%

Number of Hedge Fund Holders: 89

MongoDB, Inc. (NASDAQ:MDB) ranks among the best AI stocks that are skyrocketing. On February 9, Goldman Sachs released a research note discussing concerns about how AI could disrupt small and mid-cap software companies. The research firm used a “clear, repeatable AI Impact Framework” to identify where AI may create risks or opportunities for companies, including MongoDB, Inc. (NASDAQ:MDB).

The framework looked at six areas, including orchestration risk, monetization exposure, system-of-record ownership, data integration moat, AI execution, and budget alignment. Goldman Sachs concluded that these software companies, including MongoDB, Inc. (NASDAQ:MDB), benefit from “durable economics, mission-critical platform roles and tangible AI product innovation” that offer “meaningful insulation in a period of elevated uncertainty.” The research firm maintained a constructive outlook on software names, as it sees “credible paths for AI to reinforce rather than undermine long-term growth.”

Earlier, on January 30, BofA Securities increased its price target on MongoDB, Inc. (NASDAQ:MDB) from $480 to $500 and maintained a Buy rating. The firm pointed to the company’s successful dual approach of top-down enterprise sales and bottom-up product-led growth.

BofA Securities also pointed out that MongoDB, Inc. (NASDAQ:MDB) continues to focus on expanding its product portfolio for AI and modernization of legacy applications.

MongoDB, Inc. (NASDAQ:MDB) is an American software company that is known for its globally distributed database platform that supports applications with integrated capabilities for operational data, search, real-time analytics, and AI-powered data retrieval.

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