MongoDB stock price target raised to $400 from $300 at Wedbush

Investing.com - Wedbush raised its price target on MongoDB (NASDAQ:MDB) to $400 from $300 on Monday, while maintaining an Outperform rating on the database software company. The new target aligns with the broader analyst consensus, as InvestingPro data shows 30 analysts have recently revised their earnings expectations upward, with price targets ranging from $222 to $425.

The firm cited MongoDB’s increased focus on upmarket opportunities across enterprise channels, particularly within U.S. Enterprise, as a key factor behind the more bullish outlook.

Wedbush also noted signs of stability in the mid-market segment, which it interprets as evidence of MongoDB’s "incremental success" in the ongoing artificial intelligence revolution.

The research firm believes MongoDB "is now starting to hit its next stride" as AI use cases are expected to expand significantly in the coming years.

In addition to the price target increase, Wedbush added MongoDB to its "Best Ideas List," further highlighting its positive stance on the company’s prospects.

In other recent news, MongoDB has been the focus of several analyst updates following its latest financial results. MongoDB’s financial guidance for fiscal year 2026 has been revised, with expected sales now projected between $2.34 billion and $2.36 billion, surpassing previous forecasts. This has prompted Monness, Crespi, Hardt to raise its price target from $295 to $360, maintaining a Buy rating. Similarly, Truist Securities increased its price target to $330, highlighting MongoDB’s exceptional second-quarter performance that exceeded analyst expectations.

BMO Capital also raised its price target to $315, citing strong growth in MongoDB’s Atlas revenue, which saw a $42 million increase quarter-over-quarter. Meanwhile, Macquarie adjusted its price target from $230 to $265, following what it described as encouraging second-quarter results, and increased its earnings estimates for the coming years. RBC Capital reiterated a price target of $350, noting the potential impact of AI product adoption on the company’s future performance. These developments reflect a positive sentiment among analysts regarding MongoDB’s financial trajectory.

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