MongoDB (MDB) Shares “Well-Balanced Mid-Term Guidance,” Analyst Says

MongoDB, Inc. (NASDAQ:MDB) is one of the AI Stocks in Focus on Wall StreetOn September 18, Bernstein SocGen Group analyst Firoz Valliji reiterated an Outperform rating on the stock with a $338.00 price target.

The reiteration follows MongoDB’s analyst day held in New York City where the company presented to investors and analysts.

According to the firm, MongoDB took the opportunity to share a “well-balanced mid-term guidance” which provides a “floor for investor expectations.”

“MongoDB hosted their analyst day yesterday in NYC… Overall, we think MongoDB shared a well-balanced mid-term guidance, that provides a floor for investor expectations, with substantial upside potential.”

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.

While we acknowledge the risk and potential of MDB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MDB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.