MongoDB's analyst price target has increased modestly to $353, as analysts cite strengthening AI adoption, sustained Atlas platform momentum, and improved growth visibility as key drivers supporting the upgrade.

Analyst Commentary

Recent analyst research on MongoDB has provided a comprehensive overview of both the company’s opportunities and challenges, with price targets broadly trending higher. The following summarizes prevailing views among the analyst community.

Bullish Takeaways

• Bullish analysts expect MongoDB to be a direct beneficiary of accelerating AI adoption, as organizations increasingly utilize its platform for AI-driven applications and workloads.
• Momentum for the Atlas platform, which now represents a significant majority of total business, is seen as a key growth engine supporting further revenue expansion and margin improvement.
• MongoDB’s expanding product capabilities, including investments in vector search and AI-related features, are viewed as strong differentiators that drive customer acquisition and deepen platform engagement.
• Strong recent performance, such as robust Q2 results, raised financial guidance, and meaningful new customer additions, has increased confidence in management’s ability to execute on multi-year growth targets.

Bearish Takeaways

• Bearish analysts remain cautious about the competitive landscape, particularly with respect to other database platforms and the timing of significant AI-driven revenue contributions.
• Some warn that while financial targets have been raised, broad guidance ranges may limit near-term upside for the shares.
• There is a view that, despite recent positive trends, management's mid-term outlook for growth and margins may prove somewhat conservative, tempering the pace of valuation upside in the short run.
• Concerns persist about how quickly AI-native use cases will scale in practice, as adoption beyond early use cases remains unproven at significant scale.

What's in the News

• MongoDB launched MongoDB AMP, an AI-powered Application Modernization Platform designed to help enterprises accelerate the transformation of legacy applications into modern, scalable services (Key Developments).
• The company completed a buyback of 929,674 shares, representing 1.14% and totaling $200.68 million, as part of the repurchase program announced in March 2025 (Key Developments).
• MongoDB issued revenue guidance for the third quarter and full fiscal year 2026, with forecasts for quarterly revenue between $587 million and $592 million, and full-year revenue between $2.34 billion and $2.36 billion (Key Developments).
• Recent product innovations include advancements in AI capabilities, improvements in model performance, and expanded integration with AI partners such as Voyage AI, Galileo, and LangChain. These developments are intended to make it faster and easier for customers to build reliable AI applications at scale (Key Developments).

Valuation Changes

• Fair Value Estimate has risen slightly, moving from $350.80 to $353.37.
• Discount Rate edged up marginally, now at 8.86% compared to the previous 8.79%.
• Revenue Growth projections remain unchanged at 16.95% year over year.
• Net Profit Margin estimates are steady at 35.9%.
• Future P/E Ratio has increased modestly, moving from 3,507.7x to 3,540.2x.