Analysts at Monness, Crespi, Hardt have increased their price target on MongoDB to $460 from $415, maintaining a Buy rating ahead of the company’s second-quarter fiscal 2027 earnings report scheduled for September 1.
The stock last traded at $446.62, close to its 52-week high of $473.10, reflecting a 36% gain over the past six months. Revenue grew 24% year-over-year to $2.6 billion in the last twelve months, according to InvestingPro data. Monness cited improved sentiment across the software sector as the primary driver for the upward revision, while acknowledging competitive pressures and a challenging macroeconomic backdrop.
Several other firms have also adjusted their outlooks for MongoDB. DA Davidson raised its target to $465, maintaining a Buy rating, while UBS increased its target to $460 but kept a Neutral stance. Evercore ISI initiated coverage with a $525 target and an Outperform rating, highlighting MongoDB’s Atlas cloud platform, which now accounts for roughly 75% of revenue. Citizens raised its target to $519.
The company’s Atlas platform is expected to grow 28% to 29% year-over-year, according to DA Davidson’s Atlas Growth Forecast. MongoDB is also scheduled to host a conference call at 5:00 p.m. ET following the earnings release and will hold its MongoDB.local NYC event on September 30, with an investor day planned for September 29.
