5 High Growth NASDAQ Stocks to Buy Now

2. MongoDB Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 74

MongoDB Inc. (NASDAQ:MDB) is one of the high growth NASDAQ stocks to buy now. On May 29, MongoDB reported strong financial results for the FQ1 2027, with total revenue reaching $687.6 million, a 25% year-over-year increase. Growth was driven by MongoDB Atlas, which saw revenue rise by over 29%, alongside solid performance in EA and other services. The company improved its operational profitability, reporting a non-GAAP income from operations of $123.2 million, up from $87.4 million in the previous year.

CEO CJ Desai attributed the results to effective go-to-market execution and high demand for the platform across enterprise and AI use cases. Supported by these results and business momentum, the company has raised its full-year FY2027 guidance. MongoDB also supported its leadership team with several key executive appointments and continued its focus on AI innovation through new platform capabilities and a strategic partnership with LangChain.

The company further strengthened its strategic position through the acquisition of Clarity Business Solutions to enhance its US Federal capabilities and announced an expansion of its engineering and AI operations in Ireland. MongoDB Inc.’s (NASDAQ:MDB) ongoing commitment to the ecosystem was also recognized with the 2026 Google Cloud Partner of the Year award, marking its seventh consecutive year of receiving this honor.

MongoDB Inc. (NASDAQ:MDB) is a data platform company. Its platform combines a globally distributed operational database with a set of data services that help development teams manage a growing range of application requirements.

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