MDB is trading at $393.67 (+3.21%) following a bullish note from RBC Capital Markets, which highlighted its developer conference and Anthropic partnership, positioning it as key for GenAI applications.
- RBC Capital Markets issued the upgrade, specifically citing MongoDB's developer conference and the strategic Anthropic partnership.
- Retail sentiment has flipped bullish, driving the stock higher amid strong Atlas growth and increasing AI demand.
- The stock is currently nearing its 52-week highs, aligning with broader market gains.