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Investing.com - RBC Capital has reiterated its Outperform rating and $350.00 price target on MongoDB (NASDAQ:MDB), which currently trades at $321.01, following the company’s 2025 investor session and user conference in New York City. According to InvestingPro data, the stock has shown strong momentum with a 67% gain over the past six months, while maintaining a "GOOD" overall financial health rating.
During the event, MongoDB management presented a clearer long-term framework while emphasizing why its architecture is positioned to win AI workloads. The company also announced the launch of its Application Modernization Platform (AMP). With a robust gross profit margin of 72.3% and revenue growth of 21.9%, the company’s financial metrics support its ambitious plans.
MongoDB outlined its 3-5 year targets, which include high-teens total revenue growth, over 20% Atlas growth, annual operating margin expansion of 100-200 basis points toward exceeding 20%, and free cash flow conversion above 80%.
Management reinforced its path back to the Rule of 40, a benchmark indicating that a company’s combined growth rate and profit margin should exceed 40%.
MongoDB shares fell approximately 2% following the event, which RBC Capital attributed to investor disappointment that the company maintained its 20%+ operating margin target rather than raising it as some had expected.
In other recent news, MongoDB has seen a series of analyst upgrades following its Investor and Analyst Day in New York City. Cantor Fitzgerald raised its price target for MongoDB to $406, citing increased confidence in the company’s Atlas platform and its competitive position in the AI data stack. Similarly, Wolfe Research increased its price target to $405, highlighting MongoDB’s innovation and growth potential in artificial intelligence applications. Bernstein SocGen Group reiterated an Outperform rating with a price target of $338, reflecting positive impressions from the company’s presentations. BofA Securities also adjusted its price target to $380, noting MongoDB’s strategic focus on securing larger accounts and scaling its revenue. Stifel raised its target to $375, emphasizing the company’s strong growth and profitability in the database sector. These developments indicate a positive outlook from multiple analyst firms regarding MongoDB’s financial performance and market strategy.
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