MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It offers professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
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Citi raises MongoDB price target to $545 on strong Atlas growth and AI momentum
Citi reissued its positive catalyst watch on MongoDB and raised its price target to $545 while reiterating a Buy rating, citing expectations for significant positive estimate revisions. The bank remains confident in its street-high estimate for Atlas growth of approximately 30% year-over-year in the second quarter of fiscal 2027 and raised total revenue estimates on stronger trends in MongoDB's Enterprise Advanced offering. Citi's intra-quarter fieldwork pointed to broad-based momentum, with download activity from npm js growing more than 100% year-over-year, up from more than 80% growth in the prior quarter, and highlighted continued ramping consumption among several AI-native companies including a new foundational model win. The analysts also raised EA revenue growth assumptions to high-single-digit percentage growth for both the second quarter and full fiscal year 2027, driven by the general availability of MongoDB's Vector and AI SKUs, which they believe could be meaningful upside drivers. Citi sees MongoDB's flexible schema, hyperscale portability and memory type flexibility giving it a strong advantage in the expanding agentic architecture space.
MongoDB, Flywire, and Marqeta Shares Fall as Tech Sentiment Weakens
Shares of MongoDB, Flywire, and Marqeta declined in afternoon trading as deteriorating macro conditions and an unwinding of retail leverage pressured tech stocks. A reinstated U.S. naval blockade on Iran pushed Brent crude past $85 a barrel, raising expectations that the Federal Reserve will hold rates in the 3.50%–3.75% range, which could drive stricter scrutiny of AI investments. Data storage company MongoDB fell 3%, payments software company Flywire fell 3%, and payments software company Marqeta fell 2.3%. Flywire shares have been volatile, with 15 moves greater than 5% over the past year, and the stock is up 30.1% year-to-date, trading near its 52-week high of $18.78 from July 2026.
S&P 500 Futures Rise as Inflation Cools and Bank Earnings Loom
US stock futures pointed higher Monday morning, with E-mini S&P 500 contracts up about 0.4%, as investors weighed cooling inflation against uneven global growth. Softer price data in France, where inflation sits at 1.8%, suggested easing cost-of-living pressures that could reduce the need for further central bank rate hikes, while weaker industrial output in Italy and Turkey hinted at slowing factory activity. Among individual movers, Cerebras Systems jumped 8.34% after announcing expanded manufacturing and new European AI infrastructure capacity, Meta Platforms rose 5.97% on AI chip and cloud compute plans, and SBA Communications gained 4.14%. On the downside, Moderna fell 10.83% amid renewed political focus on vaccine skepticism, Okta declined 6.86%, and MongoDB dropped 5.73% despite recent analyst price target increases. Looking ahead, big bank earnings are set to dominate the narrative, with JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs, and Bank of America reporting Tuesday, followed by BlackRock, PNC Financial, Bank of New York Mellon, Progressive, Elevance Health, J.B. Hunt, and United Airlines on Wednesday.
Citi names Palantir, Microsoft, Figma as key AI beneficiaries ahead of Q2 software earnings
Citi has identified Palantir, Microsoft, and Figma as key beneficiaries of enterprise AI spending ahead of second-quarter software earnings. The bank sees improved IT spending during the quarter, with incremental budget dollars flowing disproportionately toward AI infrastructure, cloud platforms, and data modernization projects. Within data infrastructure and AI enablement, Citi prefers MongoDB, Snowflake, and Palantir, while it views Microsoft positively among hyperscalers and AI infrastructure providers, and Figma and Shopify within applications software. Citi maintains Buy ratings on all these companies, with price targets of $455 for MongoDB, $320 for Snowflake, $225 for Palantir, $620 for Microsoft, $36 for Figma, and $156 for Shopify. In contrast, Citi names ZoomInfo and Adobe as its least preferred software names heading into the quarter, citing higher execution risk and a push-out in near-term bookings growth.
Bragar Eagel & Squire Investigates MongoDB Board for Breach of Fiduciary Duties
Bragar Eagel & Squire, P.C. is investigating potential claims against MongoDB, Inc. on behalf of long-term stockholders, focusing on whether the board of directors breached their fiduciary duties. The investigation follows a class action complaint filed on July 9, 2024, covering a class period from August 31, 2023 to May 30, 2024. The complaint alleges that MongoDB's stock price dropped after the company reported strong fourth-quarter 2024 results but issued lower-than-expected full-year guidance for 2025, citing changes in its sales incentive structure. The stock fell further on May 30, 2024, when MongoDB again lowered its guidance, attributing it to macro impacts on consumption growth, with analysts questioning the effects of marketing strategy changes on customer behavior. Long-term stockholders are encouraged to contact the firm to discuss their legal rights.
GitLab vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
The Motley Fool compares GitLab and MongoDB to determine which cloud-native software stock is a better buy in 2026. GitLab reported fiscal 2026 revenue of nearly $955.2 million, up 25.8%, with a net loss of close to $56.0 million and a negative net margin of roughly 5.9%. MongoDB posted fiscal 2026 revenue of close to $2.5 billion, a 22.8% increase, with a net loss of approximately $71.2 million and an improved net margin of negative 2.9%. Both companies carry no debt relative to shareholder equity, with GitLab generating free cash flow of approximately $222.0 million and MongoDB nearly $500.2 million. GitLab trades at a forward P/E of 35.8x and a P/S ratio of 5.1x, while MongoDB trades at 51.3x and 10.3x, respectively. The analysis concludes that MongoDB offers the best opportunity for growth and profitability, making it the preferred choice between the two.
Wall Street’s Favorite Stocks: DigitalOcean and Ross Stores Shine, MongoDB Lags
Wall Street analysts have set ambitious price targets for MongoDB, DigitalOcean, and Ross Stores, but StockStory urges caution on MongoDB while highlighting DigitalOcean and Ross Stores as more promising. MongoDB’s consensus target of $394.68 implies a 17.5% return, yet its complex enterprise implementation and forecasted 4-percentage-point decline in free cash flow margin raise concerns. DigitalOcean, with a $178.77 target and 17.7% implied return, benefits from 17.6% average billings growth and an expected 30.7% sales acceleration. Ross Stores, trading at $208.83 with a $256.18 target and 22.7% implied return, has posted 5.4% average same-store sales growth and strong returns on capital.
MongoDB, Bandwidth, and SentinelOne stocks rise as US-Iran de-escalation eases macro fears
Shares of MongoDB, Bandwidth, and SentinelOne rose sharply in afternoon trading after the United States and Iran agreed to halt military exchanges, easing fears of a wider Middle East conflict. MongoDB jumped 5.9%, Bandwidth gained 5.6%, and SentinelOne climbed 6.6%. The de-escalation lowered oil prices and reduced inflation concerns, diminishing the likelihood of a Federal Reserve rate hike later in the year. This benefited long-duration growth software stocks, which are highly sensitive to interest rate expectations. The rally was also supported by a chip-to-software rotation triggered by a June 25 report that OpenAI may delay its IPO, reducing fears that AI labs would quickly disrupt incumbent SaaS companies.
MongoDB reported first-quarter fiscal 2027 revenue of $687.6 million, a 25% year-over-year increase, driven by a 29% rise in MongoDB Atlas revenue. Non-GAAP income from operations reached $123.2 million, up from $87.4 million a year earlier. CEO CJ Desai cited strong go-to-market execution and high demand across enterprise and AI use cases. The company raised its full-year fiscal 2027 guidance and announced key executive appointments, a strategic partnership with LangChain, the acquisition of Clarity Business Solutions, and an expansion of engineering operations in Ireland. MongoDB also received the 2026 Google Cloud Partner of the Year award for the seventh consecutive year.
Graham Corporation named top growth stock while MongoDB and First Busey face headwinds
StockStory identifies Graham Corporation as a growth stock with significant upside potential, while MongoDB and First Busey are flagged as facing slowing momentum. Graham Corporation achieved annual revenue growth of 20.3% over the past five years and expanded its operating margin by 13.5 percentage points, with earnings per share growing 31.5% annually over the last two years. MongoDB, despite 23.6% one-year revenue growth, faces concerns including complex enterprise implementation and an expected 4 percentage point contraction in free cash flow margin. First Busey, with 60% one-year revenue growth, is challenged by a low net interest margin of 3.4% and an estimated 3.1% decline in tangible book value per share over the next 12 months.