MongoDB stock price target raised to $250 from $210 at Mizuho

Investing.com - Mizuho has raised its price target on MongoDB (NASDAQ:MDB) to $250 from $210 while maintaining a Neutral rating on the stock following the company’s strong quarterly performance. According to InvestingPro data, MongoDB currently trades near its Fair Value, with a market capitalization of $17.6 billion and a beta of 1.44.

MongoDB delivered quarterly revenue of $591 million, representing 24% year-over-year growth and exceeding consensus estimates by $37 million. The performance was driven by accelerating Atlas growth of 29% year-over-year, up from 26% in the previous quarter, alongside broad-based enterprise strength.

The database company maintained healthy customer additions during the quarter, while profitability outpaced expectations with operating margins nearly 400 basis points above consensus estimates.

MongoDB’s management has raised its fiscal year 2026 revenue guidance by approximately $80 million and increased operating margin guidance to approximately 14% from 12%, reflecting confidence in durable Atlas consumption and steadier Enterprise Advanced renewals.

Mizuho maintains its Neutral stance until seeing evidence of sustainable growth acceleration and assessing whether AI is becoming a material revenue driver, with expectations for more detail on long-term strategy at the upcoming investor session at MongoDB.Local in New York City on September 17th.

In other recent news, MongoDB has reported strong fiscal second-quarter results, with revenue and earnings surpassing analyst expectations. The company’s Atlas cloud database service showed significant growth, accelerating to 29% year-over-year, which was a key factor in the positive performance. Following these results, several firms have raised their price targets for MongoDB. Needham, DA Davidson, and Stifel have all increased their targets to $325, maintaining Buy ratings on the stock. Wolfe Research and RBC Capital have set even higher targets at $350, with both firms highlighting the strong performance and growth in Atlas as well as improved consumption and enterprise workloads. Analysts from these firms have noted the company’s better-than-expected operating leverage and free cash flow. MongoDB’s results were described by Stifel as "one of its strongest quarters ever," reflecting the company’s robust performance in the market.

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