In a report released yesterday, Tyler Radke from Citi maintained a Buy rating on MongoDB (MDB – Research Report), with a price target of $330.00.
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Tyler Radke has given his Buy rating due to a combination of factors including positive trends and expectations for MongoDB’s financial performance. The company is anticipated to have a strong start to fiscal year 2026, driven by the expansion of its Atlas platform, particularly in the financial services sector, and conservative estimates that suggest potential upside. Additionally, alternative data points indicate an increase in Atlas traffic and traction in open-source projects, which are seen as positive indicators for the company’s growth.
Despite some concerns about competition from Postgres, Radke believes that MongoDB’s total addressable market is large enough to support continued growth. The potential for differentiation through Agentic AI applications is also highlighted as a catalyst for MongoDB’s competitive edge. With the stock trading at a relatively low valuation and expectations for a revenue beat and guidance raise, Radke maintains a Buy rating with a target price of $330, while awaiting further insights from the new CFO, Mike Berry.
In another report released on May 27, Guggenheim also maintained a Buy rating on the stock with a $235.00 price target.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year.