Cantor initiates software group with MongoDB, Oracle among top picks

Cantor Fitzgerald analyst Thomas Blakey last night initiated coverage of 18 names in infrastructure and artificial intelligence software. Cantor’s discussions suggest that the value proposition of infrastructure software will increase, driven by the ongoing secular expansion of AI and generative AI, the analyst tells investors in a research note. The firm says these trends “fuel the need” for unified, secure, and highly integrated data systems, observable infrastructure, real-time computing and networking capabilities, and enhanced workflows and collaboration. The firm expects cloud infrastructure platforms to play a central role in consolidating these functions. The monetization of AI will primarily come from increased usage and consumption, it contends. Cantor’s top ideas are MongoDB (MDB), Oracle (ORCL), and Monday.com (MNDY). The firm’s other Overweight-rated names are Datadog (DDOG), Five9 (FIVN), Microsoft (MSFT), ServiceNow (NOW), and Snowflake (SNOW). The analyst put Neutral ratings on Commvault (CVLT), DigitalOcean (DOCN), Dynatrace (DT), Elastic (ESTC), Informatica (INFA), Cloudflare (NET), Nice (NICE), Palantir (PLTR), Atlassian (TEAM), and Zoom Communications (ZM).