BlackRock’s 30 Most Important AI Stocks Right Now

26. MongoDB Inc. (NASDAQ:MDB)

Weight in ARTY ETF: 0.93%

Number of Hedge Fund Holders: 74

MongoDB Inc. (NASDAQ:MDB) is one of BlackRock’s 30 most important AI stocks right now. As of the filings for March 31, 2026, BlackRock is the largest institutional holder in the company, with approximately 5.72 million shares, representing more than a 7% stake.

MongoDB remains a beneficiary of AI-led growth because its database platform supports a wide range of modern cloud-native and AI-driven applications. The company’s flexible document-based architecture enables developers to build scalable software more efficiently than traditional relational databases.

Ivan Feinseth, an analyst at Tigress Financial, recently appreciated MongoDB’s platform capabilities. In a report in early June, Ivan said that the company commands a “leading” modern database and AI data platform, which should provide a “compelling multi-year upside opportunity” to the investors. As a result, the analyst reaffirmed his Buy rating on the stock and increased his price target from $430 to $515.

Later, in the second week of June, an update from BofA analyst Koji Ikeda also provided a vote of confidence. Koji reiterated his Buy rating and raised his price target to $450, up from $390 previously. His positive view was supported by expectations of better demand trends and expansion in valuation multiples for the infrastructure software peer group.

MongoDB Inc. (NASDAQ:MDB) offers two very powerful databases. The first one is, MongoDB Atlas hosted multi-cloud Database as a Service. Second is the MongoDB Enterprise Advanced enterprise database software used in public or private cloud environments.