5 Best Up And Coming Stocks To Invest In

4. MongoDB Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 52

Our hedge fund data shows 52 funds long MongoDB Inc. (NASDAQ:MDB) in the first quarter, with a total stake value of $1.1 billion.

MongoDB Inc. (NASDAQ:MDB) is an information technology company based in New York. The company offers a developer data platform allowing users access to its software and data for their operations.

An Outperform rating was maintained on MongoDB Inc. (NASDAQ:MDB) shares by Patrick Walravens at JMP Securities on July 24. The analyst also has a $425 price target on the stock.

ClearBridge Investments made the following comments about MongoDB Inc. (NASDAQ:MDB) in its third-quarter 2022 investor letter:

“We made limited changes to the portfolio in the third quarter. New buys included embryonic positions in several rapid growers — MongoDB, Inc. (NASDAQ:MDB) and Clear Secure (YOU) — whose valuations have come in quite dramatically. MongoDB is a company we followed for many years before its 2017 IPO. The stock looks very attractive trading at a third of its recent peak in November 2021. The company’s database software is growing rapidly and taking share in a $50 billion plus global market.”

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