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Investing.com - JMP Securities raised its price target on MongoDB (NASDAQ:MDB) to $375 from $345 on Friday, while maintaining a Market Outperform rating on the database software company’s shares. According to InvestingPro data, MongoDB maintains a GOOD financial health score, with analyst targets ranging from $240 to $425.
The price target increase follows JMP’s attendance at MongoDB’s investor day during the MongoDB.local NYC 2025 user conference, where the company presented its long-term financial targets.
As part of their research, JMP analysts spoke with seven MongoDB customers about their spending plans for the next 12-18 months. Five customers indicated they planned to increase spending on MongoDB products, one expected spending to remain flat, and one anticipated decreased spending.
JMP noted that MongoDB stock has risen 36% year to date, outperforming the Russell 3000 index, which has increased 13% during the same period.
The firm’s Market Outperform rating suggests JMP expects MongoDB shares to deliver returns exceeding the average market performance over the next 12 months.
In other recent news, MongoDB has seen a series of price target upgrades from several investment firms. Truist Securities raised its price target for MongoDB to $375, maintaining a Buy rating, following the company’s 2025 investor day and .local NYC event. Piper Sandler increased its price target to $400, citing MongoDB’s vision to scale to $5 billion in revenue and its pursuit of the Rule of 40 benchmark. BMO Capital also raised its price target to $365, continuing to rate the stock as Outperform after attending MongoDB’s Analyst event. UBS adjusted its price target to $330, keeping a Neutral rating, after attending the company’s annual customer conference where MongoDB outlined its growth outlook for the next 3-5 years. Additionally, Macquarie raised its price target to $305, maintaining a Neutral rating, and noted stable usage trends and a growing Atlas base as positive factors. These developments reflect growing optimism among analysts regarding MongoDB’s future prospects.
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