Morgan Stanley Lifts PT on MongoDB (MDB) to $325 From $255

MongoDB, Inc. (NASDAQ:MDB) is one of the best hot large cap stocks to buy according to hedge funds. On August 28, Morgan Stanley analyst Sanjit Singh raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $325 from $255, keeping an Overweight rating on the shares.

The analyst told investors that MongoDB, Inc. (NASDAQ:MDB) has experienced a business acceleration across all fronts for the second consecutive quarter, resulting in a “major” second-half rise.

Singh further stated that MongoDB, Inc.’s (NASDAQ:MDB) multiyear growth outlook is continually improving, with fundamentals improving even with AI yet to contribute.

MongoDB, Inc. (NASDAQ:MDB) is involved in the development and provision of a general-purpose database platform, with its products including MongoDB Enterprise Advanced, MongoDB Atlas, and Community Server. The company also offers professional services such as training and consulting.

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