Wall Street Experts Identify Top 3 Stocks for Growth Potential

Top Wall Street analysts have picked MongoDB, ServiceNow, and others for their growth potential, despite macro challenges and tariff uncertainties. MongoDB delivered solid Q1 results, with a buy rating and $280 price target from BMO Capital's Keith Bachman. ServiceNow posted better-than-expected Q2 results, with a buy rating and $1,200 price target from TD Cowen's Derrick Wood. The AI-powered platform for business transformation lifted its full-year outlook, backed by increasing AI adoption. TipRanks' AI analyst has an "outperform" rating on NOW stock with a price target of $1,129.

Wall Street analysts have maintained a bullish stance on MongoDB (MDB) and ServiceNow (NOW) despite macroeconomic challenges and tariff uncertainties. Both companies have received positive ratings and price targets from leading financial institutions, underscoring their growth potential.

MongoDB, a leading database platform, reported solid Q1 results and received a buy rating with a $280 price target from BMO Capital Markets' Keith Bachman [2]. The analysts highlighted MongoDB's opportunity to capitalize on the growing demand for generative artificial intelligence (AI) workloads and applications. The database company is expected to report its second quarter fiscal 2026 financial results on August 28. MongoDB's strong performance has been reflected in its stock price, which has increased 4.5% year-to-date.

ServiceNow, an AI-powered platform for business transformation, posted better-than-expected Q2 results and received a buy rating with a $1,200 price target from TD Cowen's Derrick Wood [3]. The company's full-year outlook was lifted due to increasing AI adoption. ServiceNow's stock has underperformed this year, down about 7% as of this writing, but it remains one of the best-performing stocks of the past decade, with its shares up nearly 1,200% during that span.

AI has been a significant driver of growth for both companies. MongoDB is focused on improving its vector search capabilities to win new workloads, while ServiceNow has embedded AI throughout its Now Platform, including introducing generative AI assistants and AI agents. The company's AI Control Tower, a centralized platform for managing AI agents, has already surpassed its initial full-year net new annual contract value (ACV) expectations.

Despite the challenges posed by macroeconomic factors and tariffs, top Wall Street analysts remain optimistic about the long-term prospects of MongoDB and ServiceNow. Their positive ratings and price targets reflect the strong fundamentals and growth potential of these companies.

References:
[1] https://finance.yahoo.com/news/mongodb-mdb-registers-bigger-fall-221502537.html
[2] https://seekingalpha.com/news/4472761-mongodb-receives-outperform-rating-due-to-growth-in-gen-ai-workloads-bmo
[3] https://www.fool.com/investing/2025/08/02/as-ai-momentum-grows-should-investors-buy-servicen/