Update shared on28 Aug 2025
Fair value Increased 15%The consensus analyst price target for MongoDB has been raised from $272.21 to $311.71, reflecting strong Atlas cloud momentum, improved management credibility from consistent outperformance and guidance raises, and growing confidence in the company’s position to capture AI-related demand and broader enterprise data modernization trends.
Analyst Commentary
- Bullish analysts highlighted a significant reacceleration in Atlas cloud revenue growth, with strong consumption trends, robust new customer additions, and margin expansion driving broad-based outperformance across recent quarters.
- Upbeat guidance raises and “beat-and-raise” quarters have improved management credibility, offering investors greater confidence in MongoDB’s ability to sustain high-teens to 20%-plus consolidated revenue growth into FY27.
- Emerging AI workloads and traction with vector search are increasingly cited as important growth drivers, with MongoDB seen as well positioned at the intersection of enterprise data modernization and the early stages of artificial intelligence deployment.
- Competitive concerns remain for some, particularly in relation to PostgreSQL and other database alternatives, as well as timing and magnitude of AI-driven benefits, but these are being outweighed by accelerating Atlas momentum and management’s strong execution.
- Multiple analysts noted a large, durable total addressable market and “best of breed” position, leading to raised valuation multiples and expectations for continued expansion across the customer base, especially in larger enterprise segments.
What's in the News
- MongoDB provided Q3 fiscal 2026 revenue guidance of $587–$592 million and raised full-year guidance to $2.34–$2.36 billion.
- Announced significant AI product innovations, including new Voyage AI embedding models, MongoDB Model Context Protocol Server, and expanded partnerships with Galileo and LangChain, enhancing AI application development and reliability.
- MongoDB is pursuing FedRAMP High and Impact Level 5 authorizations for Atlas for Government workloads, aiming to support high-impact, sensitive U.S. public sector data.
- Multiple additions to major Russell value and midcap indexes, broadening institutional investor exposure.
- Announced deeper client partnerships and integrations, notably with ACI Worldwide and Cohesity, supporting financial institutions, cloud-native payments, and advanced data protection for large-scale databases.
Valuation Changes
Summary of Valuation Changes for MongoDB
- The Consensus Analyst Price Target has significantly risen from $272.21 to $311.71.
- The Future P/E for MongoDB has risen from 154.24x to 162.81x.
- The Consensus Revenue Growth forecasts for MongoDB has risen slightly from 15.5% per annum to 16.2% per annum.
Disclaimer
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