MongoDB: AI's Dependence On Data Is Buoying Database Sales

MongoDB raised its full-year revenue guidance to $2.92, $2.96 billion, 19, 20% growth, with the lower end exceeding prior guidance. The increase reflects AI-driven demand for unstructured data storage, boosting database sales. The company trades at 8.3x EV/FY27 revenue, above application software peers but below infrastructure software peers.