Macquarie initiated coverage of MongoDB (MDB) with a Neutral rating and $300 price target MongoDB’s share gains against relational competitors have been slowing, but the company is working to become an enabler of AI applications, the analyst tells investors in a research note. While the firm is intrigued by the disruptive potential of MongoDB, Macquarie sees a risk that it may remain a niche product, as share gains have started to level off at 2%-3% of the database management systems market.
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