Investment Coverage Initiated by Rosenblatt Securities

MongoDB (NASDAQ: MDB)

Rosenblatt Securities has initiated coverage of MongoDB with a buy rating and a $350 price target. The firm cites strong growth opportunities within the database market and an increasing demand for AI-driven applications.

Rosenblatt views MongoDB as a leading provider of NoSQL databases, likely to benefit significantly from the ongoing migration away from legacy systems. Despite recent stock weakness, the brokerage considers current levels attractive for long-term investors. The analyst remarked, “With the stock’s recent weakness on what we view as mostly misunderstandings.”

Rubrik Inc (NYSE: RBRK)

For Rubrik, Rosenblatt initiated coverage with a neutral rating and a $77 price target. The firm highlighted Rubrik’s leadership in enterprise data protection and resilience software, positioning the company well against growing cyber threats such as ransomware.

However, Rosenblatt expressed that Rubrik’s stock saw a recent rally following Q3 results, leading to limited near-term upside. The brokerage is looking for a more favorable entry point. The analyst noted, “While we expect Rubrik to continue to grow rapidly and steadily drive operating margin improvement over the next few years, given the recent rapid stock price appreciation post-Q3 results.”