MongoDB's Stock Surges on AI & Atlas Growth

MongoDBs stock surged by over twenty-two percent following their third-quarter financial results, which exceeded market expectations. The companys cloud database platform, Atlas, and AI adoption drove this success. MongoDBs CEO, Chirantan Desai, predicts a once in a lifetime opportunity as AI adoption peaks. The company anticipates reaching two point four three six billion dollars in revenue this year, with a growing customer base of over sixty-two thousand five hundred. Analysts at Bernstein project a potential stock price of four hundred fifty-two dollars by the end of two thousand twenty-six.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.