Analysts at Monness, Crespi, Hardt increased their 12-month price target for MongoDB to $460 from $415, maintaining a buy rating as the company approaches its second-quarter fiscal 2027 earnings release on September 1.
The stock closed at $446.62 on Friday, within 5% of its 52-week high of $473.10. The firm’s price target revision follows a 36% gain over the past six months, during which MongoDB reported trailing twelve-month revenue of $2.6 billion, a 24% increase year-over-year.
Several other brokerages also adjusted their outlooks for the database and cloud services provider. DA Davidson raised its target to $465 with a buy rating, while UBS lifted its target to $460, maintaining a neutral stance. Evercore ISI initiated coverage with an outperform rating and a $525 target, citing the company’s Atlas cloud platform, which accounts for roughly 75% of revenue. Citizens increased its target to $519.
Analysts at Monness cited improved sentiment in the software sector and MongoDB’s exposure to structural trends in databases, cloud computing, and artificial intelligence as key drivers behind the upgrade. The firm acknowledged competitive pressures and a challenging macroeconomic backdrop but emphasized the company’s growth opportunities.
MongoDB is scheduled to host a conference call at 18:00 Brasília time following the earnings release. The company will also hold its MongoDB.local NYC event on September 30 and an investor day on September 29.
InvestingPro’s fair-value analysis suggested MongoDB’s current valuation may be stretched, though the stock remains near multi-quarter highs.
