BofA Securities raised its price target for MongoDB (MDB) to $375 from $350. The firm maintained its Buy rating ahead of the company's first-quarter fiscal 2027 results. Analysts reported no detectable slowdown in demand for the company's database software.
BofA expressed high confidence in MongoDB's execution across cloud and on-premise platforms. The firm expects these offerings to drive sustained long-term revenue growth.
Goldman Sachs and BMO Capital also recently increased their price targets to $360. MongoDB is scheduled to report quarterly earnings on May 28. These updates follow a leadership reshuffle and the introduction of new AI-powered product features.