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MongoDB Inc. (NASDAQ:MDB) is one of the 10 Stocks Entering June on Fire.

MongoDB extended its winning streak to a third consecutive day on Monday, jumping 20.36 percent to finish at $403.88 apiece, as investors took heart from an investment firm’s price target upgrade for its stock.

In a market note, UBS raised its price target for MongoDB Inc. (NASDAQ:MDB) by 27 percent to $350 from $275 previously, despite maintaining a neutral stance for its stock. The figure, however, marked a 13.3 percent discount from its latest closing price.

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The coverage followed MongoDB Inc.’s (NASDAQ:MDB) earnings performance in the first quarter of fiscal year 2027, having swung to a profit of $4.4 million from a $37.6 million net loss in the same period last year.

Revenues increased by 25 percent to $687.6 million from $549 million year-on-year, thanks to a 25 percent jump in subscription revenues and a 22 percent surge in service revenues.

Despite the results, UBS said that its neutral stance for the company was due to the belief that the results leave a little room for a meaningful follow-through rally.

Looking ahead, MongoDB Inc. (NASDAQ:MDB) is targeting revenues of $729 million to $734 million in the second quarter of the fiscal year, or an implied growth of 23 percent to 24 percent from the $591.4 million posted in the same period last year.

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 the cheapest AI stock.

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