Why MongoDB, Inc. (MDB) Soared On Thursday

We recently published a list of 10 Stocks With Surprising Gains. In this article, we are going to take a look at where MongoDB, Inc. (NASDAQ:MDB) stands against other best-performing stocks on Thursday.

MongoDB saw its share prices increase by 12.84 percent on Thursday to close at $225.38 apiece as investor sentiment was boosted by its impressive earnings performance and optimistic business outlook for the rest of the year.

In its financial statement, MongoDB, Inc. (NASDAQ:MDB) said it narrowed its net loss by 53 percent to $37.6 million in the first quarter of the year from the $80.59 million registered in the same period last year.

Revenues increased by 22 percent to $549 million from $450 million registered year-on-year.

Amid the strong performance, MongoDB, Inc. (NASDAQ:MDB) is looking at a higher range of revenue outlook for the second quarter, between $548 million and $553 million, while revenues for the full-year period were pegged at a range of $2.25 billion to $2.29 billion.

“MongoDB is off to a strong start in fiscal 2026 with 26 percent Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years,” said MongoDB, Inc. (NASDAQ:MDB) President and CEO Dev Ittycheria.

“Looking ahead, we see an incredible opportunity for customers to take advantage of MongoDB’s modern architecture, which delivers real and measurable advantages for the types of applications being built today—cloud-native, distributed, real-time—and the AI-powered applications of tomorrow. We are confident in our position to drive profitable growth as we benefit from this next wave of application development,” he added.

Overall, MDB ranks 4th on our list of best-performing stocks on Thursday. While we acknowledge the potential of MDB as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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