MongoDB stock price target raised to $330 from $310 at UBS

Investing.com - UBS raised its price target on MongoDB (NASDAQ:MDB) to $330 from $310 on Thursday, while maintaining a Neutral rating on the database software company. According to InvestingPro data, MongoDB currently trades at $313.78 with a market capitalization of $25.42 billion, and analysis suggests the stock is currently trading above its Fair Value.

The price target adjustment follows UBS analyst attendance at MongoDB’s annual customer conference in New York City, where the company outlined its 3-5 year growth outlook.

MongoDB projected high-teens total revenue growth, over 20% growth in its cloud-based Atlas service, and annual operating margin improvement of 100-200 basis points to reach 20% over the period.

UBS noted these targets generally aligned with its existing model, and the firm increased its price target based on a 7.5x calendar year 2027 enterprise value-to-sales multiple, up from its previous 7x multiple.

At 8.6 times calendar year 2026 estimated revenue, UBS considers MongoDB’s valuation "reasonable relative to other ~20% revenue growth peers," but cites competitive environment concerns, lack of margin support for valuation, and "absence of any tangible AI story" as factors behind its maintained Neutral stance.

In other recent news, several investment firms have updated their outlook on MongoDB, reflecting its strategic initiatives and performance. Cantor Fitzgerald has raised its price target for MongoDB to $406, citing the strength of its Atlas platform and the company’s commitment to margin expansion. Similarly, Wolfe Research increased its price target to $405, highlighting MongoDB’s successful Investor Day presentation and its potential for growth in artificial intelligence applications. Macquarie also adjusted its price target to $305, maintaining a Neutral rating, and noted stable usage trends and a growing Atlas base. RBC Capital reiterated an Outperform rating with a $350 price target, emphasizing MongoDB’s architecture’s capability to handle AI workloads and the launch of its Application Modernization Platform. Bernstein SocGen maintained its Outperform rating with a price target of $338, following MongoDB’s analyst day. These updates reflect a general consensus among analysts about MongoDB’s positioning and potential in the market.

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