William Blair Remains a Buy on MongoDB (MDB)

​MongoDB, Inc. (NASDAQ:MDB) is one of the High-Flying Tech Stocks to Buy. On January 21, Jason Ader from William Blair reiterated a Buy rating on the stock, without disclosing any price targets. Earlier, on January 20, Mike Cikos from Needham also reiterated a Buy rating on MongoDB, Inc. (NASDAQ:MDB) with a $500 price target.

​Ader from William Blair noted that the buy rating is due to the company’s strong position in the AI trade and its growth trajectory. The analyst noted that the company is strongly positioned heading into Q4 2026, driven by its strong fundamentals, strong customer additions, and net revenue retention rates of over 120%.

​The analyst also highlighted Atlas, which is the company’s cloud product. Atlas has accelerated growth for several quarters. Ader noted that his future projections for the product are still conservative, considering we are still in the early stages of the AI cycle. Lastly, Ader pointed out that the company still only holds a tiny chunk of the database market, thereby leaving significant room for growth.

​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 potential of MDB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MDB and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.