MongoDB

MDB · NASDAQ

$366.18+$17.49 (+5.02%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $348.69

MDB analyst rating

BuyConsensus of 33 analysts over the last 12 months. 85% rate it a buy.

Strong buy0
Buy28
Hold5
Underperform0
Sell0

12-month price target · 40 analysts

Average $462.15 (+26.2% upside)

Low: $340.86
Now: $366.18
High: $593.25

Upgrades and downgrades

The latest rating actions, newest first

MDB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Oct 13, 2026	Maintains	Buy	$430.00	63%
Scotiabank	Oct 8, 2026	Maintains	Sector Outperform	$440.00 → $450.00	54%
Cantor Fitzgerald	Oct 2, 2026	Maintains	Overweight	$540.00	55%
DA Davidson	Oct 1, 2026	Maintains	Buy	$415.00	61%
DA Davidson	Sep 30, 2026	Maintains	Buy	$465.00 → $415.00	61%
UBS	Sep 30, 2026	Maintains	Neutral	$410.00 → $375.00	65%
Macquarie	Sep 30, 2026	Maintains	Neutral	$375.00	53%
Citizens	Sep 30, 2026	Maintains	Market Outperform	$519.00	48%
RBC Capital	Sep 30, 2026	Maintains	Outperform	$465.00	51%
BMO Capital	Sep 30, 2026	Maintains	Outperform	$450.00 → $420.00	66%

The case for and against

Updated Oct 14, 2026

Bull case

MongoDB is attractive because its dual-engine model combines high-growth Atlas cloud adoption with a durable self-managed Enterprise Advanced business, while AI-driven database investments expand its addressable workload mix. The company’s metrics support that view: total subscription ARR was $2.89B, up 25% year over year, Atlas revenue grew 29%, and AI-native customers reached 2,200+ and 3% to 5% of Atlas revenue while growing 165% year over year. Management also raised long-term targets, cited 80%+ free cash flow conversion and 100-200bps annual margin expansion, and the 500 million+ Community Server downloads underscore MongoDB’s deep developer adoption and migration optionality.

Bear case

MongoDB is facing a difficult fundamental backdrop because Amazon, Microsoft, and Google can outspend it on engineering and price while bundling database products with broader contracts that MongoDB cannot match, weakening win rates and customer economics. Its valuation also appears stretched relative to the business, and sentiment toward hyper-growth software names may worsen as competition, a softer macro environment, and slower installed-base expansion pressure Atlas upside and raise customer acquisition costs. At the same time, the addressable market may be smaller than expected if businesses do not need document databases or delay NoSQL adoption, while roughly 40% of revenue coming from outside the United States adds foreign-exchange and geopolitical risk.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.