TSX drops after Canadian index edges higher in prior session
MongoDB stock has reached a new 52-week high, hitting $385.38. This milestone reflects a significant upward trend for the company, as it marks a substantial 34.57% increase over the past year. The database platform provider has experienced robust growth, with revenue increasing 21.9% over the last twelve months, driven by increased demand for its cloud-based services and strategic partnerships. Investors are closely watching MongoDB’s performance, as the company continues to capitalize on the growing need for scalable and efficient database solutions in the tech industry. While not yet profitable, analysts expect MongoDB to turn a profit this fiscal year. As MongoDB navigates this positive trajectory, market analysts remain optimistic about its potential for further growth and innovation, with price targets ranging from $240 to $430. However, InvestingPro analysis indicates the stock’s RSI suggests it’s in overbought territory. For investors seeking deeper insights, InvestingPro offers 14 additional tips and a comprehensive Research Report on MongoDB, one of 1,400+ US equities covered with expert analysis and actionable intelligence.
In other recent news, MongoDB has announced that Chirantan "CJ" Desai will take over as President and Chief Executive Officer on November 10, 2025. Desai previously served as President of Product and Engineering at Cloudflare and has a history of scaling companies to significant revenue milestones. In addition to leadership changes, MongoDB has been the subject of several stock price target adjustments by major firms. Canaccord Genuity raised its price target for MongoDB to $375, maintaining a Buy rating, citing the company’s potential in the AI application cycle. Similarly, JMP Securities and Truist Securities also increased their price targets to $375, with both firms expressing confidence in MongoDB’s long-term financial targets and consumption trends. Scotiabank raised its price target to $320, describing the company’s momentum as "healthy." These developments highlight MongoDB’s ongoing strategic and financial advancements in the market.
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