MongoDB (MDB) shares gained momentum after the company’s strong Q2 performance and raised guidance impressed Wall Street analysts. Following its Q2 FY26 financial results, MDB gained over 30% in pre-market trading on Wednesday.
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For context, MongoDB is a leading provider of modern, cloud-based database solutions designed to handle various data types and workloads.
Goldman Sachs Boosts MDB Price Target
Following the database company’s Q2 results, four-star-rated analyst Kash Rangan from Goldman Sachs raised his price target on MDB stock to $325 from $270 while keeping a Buy rating.
Rangan highlighted that Atlas is now growing in the high-20% range at scale, which he sees as best-in-class among consumption-based peers. Notably, Atlas, MongoDB’s cloud database platform, has seen revenue growth of 29% year-over-year in Q2 and added over 5,000 new customers so far this year.
Additionally, Rangan believes that the company’s focus on bigger enterprise clients, self-service features, AI platform, and strong architecture will help Atlas keep growing in the mid-20% range while boosting operating margins as more customers come on board.
Needham Stays Bullish on MongoDB
Meanwhile, top-rated analyst Mike Cikos of Needham also reaffirmed his Buy rating on MDB stock. He also raised his price target from $270 to $325, implying a solid upside of over 50% from current levels.
Cikos noted that MongoDB’s major U.S. clients are driving stronger workloads than previous customer groups, giving management confidence to forecast mid-20% year-over-year growth for FY26.
Additionally, analysts at Bank of America, William Blair, and JMP reaffirmed their Buy ratings on MDB stock, citing strong company results.
Is MongoDB a Good Stock to Buy?
Overall, Wall Street has a Moderate Buy consensus rating on MDB stock based on 23 Buys and eight Holds assigned in the last three months. At $279.9, the average MongoDB share price target implies about 31% upside potential from current levels.
Year-to-date, MDB stock has declined by 8%.
