MongoDB (MDB) Stock Upgraded Outlook: Revenue Growth in High Teens Seen Ahead

MongoDB, Inc. (NASDAQ:MDB) is one of the Buzzing AI Stocks on Wall Street. On September 19, Citizens JMP analyst Patrick Walravens raised the price target on the stock to $375.00 (from $345.00) while maintaining a Market Outperform rating following its investor day.

The analysts noted how MongoDB has provided 3-5 year long-term financial targets with revenue growth in the “high teens.” The firm continues to like the stock as an opportunity for long-term appreciation.

“We maintain our Market Outperform rating and increase our price target to $375 from $345 on MongoDB after attending the company’s investor day at its user conference MongoDB.local NYC 2025 where the company provided long-term financial targets and where we spoke to seven customers regarding their spending plans on MongoDB in the next 12-18 months of which five said up, one said flat, and one said down, and after the stock has increased 36% year to date versus an increase of 13% year to date for the Russell 3000.”

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.

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