Citizens JMP Reiterates a 'Market Outperform' Rating on MongoDB, Inc. (MDB)

MongoDB, Inc. (NASDAQ:MDB) is one of the 12 Best Stocks to Buy in Falling Markets According to Hedge Funds.

On August 20, 2025, Citizens JMP reiterated a ‘Market Outperform’ rating on MongoDB, Inc. (NASDAQ:MDB) with a $345 price target, indicating confidence in the database software company amid inconsistent sales indications. Analyst Patrick Walravens identified two positive indicators: sales employees exceeded quarterly attainment goals, albeit with lesser increases in Q2 compared to Q1.

Offsetting this, the firm identified one negative data point: a salesperson’s departure to a human resource management organization. Despite noting the mixed picture, Citizens JMP remained enthusiastic, highlighting MongoDB, Inc. (NASDAQ:MDB)’s solid execution and growth prospects. The research note demonstrates continued confidence as MongoDB expands its cloud-based database platform in a competitive market.

MongoDB, Inc. (NASDAQ:MDB) offers a general-purpose database platform, including the multi-cloud service MongoDB Atlas, to organizations worldwide, providing scalable, developer-friendly database solutions. It is included in our list of the Best Bear Market Stocks.

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Disclosure: None.