Macquarie Sees Long-Term AI Potential in MongoDB (MDB), Neutral for Now

MongoDB, Inc. (NASDAQ:MDB) is a Must-Watch AI Stock on Wall Street. On August 27, Macquarie analyst Steve Koenig raised the price target on the stock to $265.00 (from $230.00) while maintaining a Neutral rating.

The firm raised its earnings estimates for FY26-FY28 on the back of MongoDB’s encouraging 2Q results. It also highlighted how the database software company’s strategic shift in its go-to-market approach seems to be gaining traction.

Overall, the company’s overall long-term future depends on an AI-driven transformation of its market position.

“• We raise our FY26-28E earnings by 12-21% and target price to $265 from $230 following MDB’s encouraging 2Q results. • We think MDB’s go-to-market changes to focus on strategic accounts and win higher-quality workloads are gaining traction. • MDB’s long-term future likely depends on an AI-driven transformation of its market position, which isn’t yet driving revenue growth.”

While we acknowledge the potential of MDB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks Hit with New Analyst Ratings and 10 AI Stocks Investors Should Keep on Their Radar

Disclosure: None.