Piper Sandler lists 10 reasons to buy MongoDB

Piper Sandler says that slowing growth to 13% last quarter from 40% in the July-ending quarter one year ago has elevated investor fears of both database industry concerns and company-specific issues that could be impacting MongoDB growth prospects. Regardless, the firm sees the potential for a reacceleration in growth going forward back to 20%-plus as a potential catalyst to drive the next narrative shift on MongoDB. The -33% year-to-date selloff has pressured the 2026 EV/S multiple. Piper recommends large-cap growth investors revisit Overweight-rated MongoDB ahead of a growth rebound and sees 22% upside to its $335 price target with a bull-case of $480. The firm lists ten reasons to buy the stock, including the fact software is “eating the world;” support for all major clouds vs. single-cloud database lock-in; primary growth engine at 27% year-over-year now 71% mix; AI coding tools that could accelerate volume of new applications; differentiated features and performance with version 8.0 GA; Vector RAG adoption could increase Atlas consumption patterns; and valuation.