Brian White, an analyst from Monness, maintained the Buy rating on MongoDB. The associated price target was raised to $475.00.
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Brian White has given his Buy rating due to a combination of factors that highlight MongoDB’s strong performance and future potential. The company reported outstanding third-quarter results for fiscal year 2026, surpassing both internal and market expectations in terms of revenue and earnings per share. This exceptional performance has led to an increase in estimates and a significant raise in the 12-month price target from $360 to $475.
MongoDB’s subscription revenue and customer base have shown impressive growth, with Atlas sales accelerating for the third consecutive quarter. The company has also demonstrated strong go-to-market execution and a favorable demand environment, particularly with large U.S. customers and in the EMEA region. Despite the competitive landscape and macroeconomic challenges, MongoDB’s core business remains robust, and the company is well-positioned for future growth, including opportunities in the AI sector.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $425.00 price target.