Latest news with #DevIttycheria
Yahoo
18-06-2025
- Business
- Yahoo
Artificial Intelligence (AI) Software Sales Could Soar 580%: 2 AI Stocks to Buy Now (Hint: Not Palantir)
Morgan Stanley expects artificial intelligence (AI) software revenue to grow 580% in the next three years. MongoDB's is a leader in database management systems, and its document-oriented database is well suited to AI application development. Okta is a leader in identity and access management, and the company recently introduced an AI-powered threat protection tool. 10 stocks we like better than MongoDB › Artificial intelligence (AI) is quickly weaving its way into daily life. According to Goldman Sachs, 9.2% of U.S. companies now use AI to produce goods and services, which is twice the percentage that used the technology at the same time last year. But the market is still in its early stages. Morgan Stanley estimates AI software revenues will increase 580% in the next three years, topping $400 billion in 2028. While Palantir is well positioned to benefit, the stock carries a steep valuation. Investors should consider more reasonably priced stocks such as MongoDB (NASDAQ: MDB) and Okta (NASDAQ: OKTA). Read on to learn more. Databases are used to store, manage, and retrieve application data. MongoDB's document database handles structured and unstructured data, which differentiates it from traditional relational databases designed solely for structured data. To elaborate, structured data fits neatly into rows and columns, but unstructured data (e.g., images, videos, and text) does not. The flexibility of the document model means MongoDB is especially well-suited for content management systems, e-commerce platforms, and artificial intelligence (AI) applications. MongoDB earlier this year leaned into the AI opportunity by acquiring Voyage AI, a company that develops embedding and reranking models that improve AI application accuracy. CEO Dev Ittycheria told analysts, "As AI redefines how applications are built and how businesses operate, MongoDB is exceptionally well positioned. Real-world applications require high-quality, context-rich, and often unstructured data to deliver trustworthy outputs." MongoDB's document model is also well-suited to real-time analytics applications, which are often used to personalize customer experiences across the internet. Consultancy Gartner recently ranked MongoDB as a leader in database management systems, mentioning its support for artificial intelligence and real-time analytics. MongoDB shares currently trade at 49 times adjusted earnings. While that is not cheap, the valuation is reasonable for a company whose adjusted earnings increased 96% in the most recent quarter. Additionally, shares trade at 7.4 times sales, a material discount to the one-year average of 9.5 times sales and the three-year average of 13.4 times sales. Okta is a cybersecurity company that develops identity and access management (IAM) software. Its platform lets administrators enforce contextual access policies that define which users and devices can connect to which applications and resources. It leans on AI to score risk with each login and authenticate accounts (including AI agents) based on criteria like identity, location, and behavior. Importantly, Okta recently introduced a new product called Identity Threat Protection, an AI-powered tool that measures session risk. To elaborate, whereas login risk is calculated only one time during the authentication phase, session risk is determined continuously by analyzing every request post-authentication. Okta has multiple tailwinds at its back. First, cybersecurity is a nondiscretionary budget expense because businesses cannot afford to suffer a data breach. Second, identity-based attacks account for 30% of cybersecurity incidents, and the identity market is projected to grow at 12.6% annually through 2030 as AI creates new threats. Third, industry analysts recently ranked Okta as a leader in workforce identity (for employees) and customer identity. Okta shares currently trade at 33 times adjusted earnings. That is quite reasonable for a company whose adjusted earnings increased 32% in the most recent quarter. Additionally, shares currently trades at 6.6 times sales, roughly in line with the three-year average of 6.5 times sales. The stock fell after the recent earnings report because management provided cautious guidance. Patient investors should lean into that opportunity. Before you buy stock in MongoDB, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and MongoDB wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Trevor Jennewine has positions in Palantir Technologies. The Motley Fool has positions in and recommends Goldman Sachs Group, MongoDB, Okta, and Palantir Technologies. The Motley Fool recommends Gartner. The Motley Fool has a disclosure policy. Artificial Intelligence (AI) Software Sales Could Soar 580%: 2 AI Stocks to Buy Now (Hint: Not Palantir) was originally published by The Motley Fool
Globe and Mail
18-06-2025
- Business
- Globe and Mail
Artificial Intelligence (AI) Software Sales Could Soar 580%: 2 AI Stocks to Buy Now (Hint: Not Palantir)
Artificial intelligence (AI) is quickly weaving its way into daily life. According to Goldman Sachs, 9.2% of U.S. companies now use AI to produce goods and services, which is twice the percentage that used the technology at the same time last year. But the market is still in its early stages. Morgan Stanley estimates AI software revenues will increase 580% in the next three years, topping $400 billion in 2028. While Palantir is well positioned to benefit, the stock carries a steep valuation. Investors should consider more reasonably priced stocks such as MongoDB (NASDAQ: MDB) and Okta (NASDAQ: OKTA). Read on to learn more. 1. MongoDB Databases are used to store, manage, and retrieve application data. MongoDB's document database handles structured and unstructured data, which differentiates it from traditional relational databases designed solely for structured data. To elaborate, structured data fits neatly into rows and columns, but unstructured data (e.g., images, videos, and text) does not. The flexibility of the document model means MongoDB is especially well-suited for content management systems, e-commerce platforms, and artificial intelligence (AI) applications. MongoDB earlier this year leaned into the AI opportunity by acquiring Voyage AI, a company that develops embedding and reranking models that improve AI application accuracy. CEO Dev Ittycheria told analysts, "As AI redefines how applications are built and how businesses operate, MongoDB is exceptionally well positioned. Real-world applications require high-quality, context-rich, and often unstructured data to deliver trustworthy outputs." MongoDB's document model is also well-suited to real-time analytics applications, which are often used to personalize customer experiences across the internet. Consultancy Gartner recently ranked MongoDB as a leader in database management systems, mentioning its support for artificial intelligence and real-time analytics. MongoDB shares currently trade at 49 times adjusted earnings. While that is not cheap, the valuation is reasonable for a company whose adjusted earnings increased 96% in the most recent quarter. Additionally, shares trade at 7.4 times sales, a material discount to the one-year average of 9.5 times sales and the three-year average of 13.4 times sales. 2. Okta Okta is a cybersecurity company that develops identity and access management (IAM) software. Its platform lets administrators enforce contextual access policies that define which users and devices can connect to which applications and resources. It leans on AI to score risk with each login and authenticate accounts (including AI agents) based on criteria like identity, location, and behavior. Importantly, Okta recently introduced a new product called Identity Threat Protection, an AI-powered tool that measures session risk. To elaborate, whereas login risk is calculated only one time during the authentication phase, session risk is determined continuously by analyzing every request post-authentication. Okta has multiple tailwinds at its back. First, cybersecurity is a nondiscretionary budget expense because businesses cannot afford to suffer a data breach. Second, identity-based attacks account for 30% of cybersecurity incidents, and the identity market is projected to grow at 12.6% annually through 2030 as AI creates new threats. Third, industry analysts recently ranked Okta as a leader in workforce identity (for employees) and customer identity. Okta shares currently trade at 33 times adjusted earnings. That is quite reasonable for a company whose adjusted earnings increased 32% in the most recent quarter. Additionally, shares currently trades at 6.6 times sales, roughly in line with the three-year average of 6.5 times sales. The stock fell after the recent earnings report because management provided cautious guidance. Patient investors should lean into that opportunity. Should you invest $1,000 in MongoDB right now? Before you buy stock in MongoDB, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and MongoDB wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor 's total average return is791% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Trevor Jennewine has positions in Palantir Technologies. The Motley Fool has positions in and recommends Goldman Sachs Group, MongoDB, Okta, and Palantir Technologies. The Motley Fool recommends Gartner. The Motley Fool has a disclosure policy.
Yahoo
07-06-2025
- Business
- Yahoo
Why MongoDB, Inc. (MDB) Soared On Thursday
We recently published a list of . 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. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. 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. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
05-06-2025
- Business
- CNBC
Enterprise slowly adopting AI, in future it will want custom solutions, says MongoDB CEO
Dev Ittycheria, MongoDB CEO, joins 'Closing Bell Overtime' to talk quarterly results, AI adoption, full year guidance and more.
Yahoo
05-06-2025
- Business
- Yahoo
MongoDB Stock Rallies as Analysts Raise Price Targets on Strong Quarterly Results
Several Wall Street analysts raised their price targets for MongoDB's stock after the company posted strong quarter results and raised its outlook. The company's Atlas multi-cloud database subscription offering saw its highest total net customer additions in six years. Analysts said that growth runs counter to the recent bearish narrative around the of AI-powered software provider MongoDB (MDB) surged Thursday as the company's strong quarterly results and improved outlook drew price target hikes from analysts. The company's Atlas multi-cloud database subscription offering saw its highest total net customer additions in six years, which Morgan Stanley analysts said 'flies in the face of the bear case narrative that MongoDB is losing [market] share.' The bank lifted its target to $255 from $235. MongoDB shares added nearly 13% Thursday to close at $225.38, with Morgan Stanley's target suggesting the stock could stand to climb another 13%. Still, the stock has lost about 3% year-to-date, after plunging in March on disappointing results a quarter ago. Citi analysts were even more bullish following the results, raising their target to $395 from $330. The bank called MongoDB's results a 'convincing rebuke to the ongoing narrative of increasing competition and diminishing developer mindshare.' Meanwhile, UBS analysts raised their target to $240 from $213. MongoDB reported first-quarter revenue of $549 million, up 22% year-over-year, which CEO Dev Ittycheria attributed to enterprise clients choosing its software to modernize existing AI applications and build new ones. Read the original article on Investopedia Sign in to access your portfolio
