Analysts Reinforce Bullish View on MongoDB (MDB) as Structural AI Winner

MongoDB Inc. (NASDAQ:MDB) is among the best software infrastructure stocks to buy according to hedge funds. Around January 5, RBC Capital Markets analyst Rishi Jaluria reaffirmed his bullish stance on MongoDB Inc. (NASDAQ:MDB), raising his price target by 11% to $500 and maintaining an Outperform rating, according to The Fly.

The analyst acknowledged that the leadership teams from many companies are approaching 2026 with cautious guidance. However, he noted that underlying enterprise spending patterns are showing signs of stabilization. He also added that innovation driven by generative AI is gaining traction and is leading to incremental improvements across multiple areas of the software landscape.

On the other hand, Jaluria expects 2026 to be a year where clear benefits will be visible for software companies that are structurally positioned to benefit from enterprise AI adoption. In contrast, those companies that remain exposed to the “AI is the death of software” narrative are expected to lag. MongoDB Inc. (NASDAQ:MDB), with its AI-powered solutions, appears to be on the favorable side of this divide.

Around the same time as RBC’s update, Oppenheimer analyst Ittai Kidron, who rates MongoDB Inc. (NASDAQ:MDB) Outperform, also raised the stock’s price target to $490 from $450. The analyst expects a strong performance in 2026 as well, underpinned by the company’s strengths, such as its document model and vector search capabilities.

MongoDB Inc. (NASDAQ:MDB) is a developer data platform company best known for its MongoDB document-based database. The company helps companies build and scale modern applications by enabling flexible data management across cloud, on-premise, and hybrid environments.

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.

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