MongoDB (MDB) Faces Strategic Crossroads as AI and Data Competition Intensifies, Raymond James Starts With Market Perform

MongoDB, Inc. (NASDAQ:MDB) ranks among the best big data stocks to invest in. On December 15, Raymond James began coverage of MongoDB, Inc. (NASDAQ:MDB), with a Market Perform rating. The firm’s analysis underlines MongoDB’s place at a “pivotal strategic crossroads” characterized by two important factors: the growth of AI and agentic technologies demanding dynamic data infrastructure, as well as increased competition from analytical tools pushing into MongoDB’s territory.

Although Raymond James recognizes MongoDB, Inc. (NASDAQ:MDB) as “one of the most strategically important independent database platforms,” it believes that going forward, the investment debate will be “increasingly balanced.” According to the firm, MongoDB’s ability to maintain developer and enterprise interest against well-funded competitors, navigate its consumption-driven revenue model with little near-term visibility, and offer sustainable growth topping 20% with a Rule of 40-plus profile will determine its future performance.

Additionally, in Q3 2025, the database software supplier reported adjusted earnings of $1.32 per share on $628 million in revenue. According to MongoDB, Inc. (NASDAQ:MDB), its Atlas platform generated 75% of the quarter’s total revenue and rose by 30% from the previous year. The company added that there were over 60,800 Atlas users at the end of the period, and the platform’s revenues are predicted to increase by 27% during the current period.

MongoDB, Inc. (NASDAQ:MDB) provides a comprehensive database platform with enterprise-grade solutions, cloud-based services, and a free version for developers. MongoDB’s document model supports complicated hierarchies and arrays, making it ideal for Big Data analytics.

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Disclosure: None. This article is originally published at Insider Monkey.