Cantor Fitzgerald Maintains Price Target on MongoDB, Sees Atlas Usage Rebound

MongoDB, Inc. (NASDAQ:MDB) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 9, Cantor Fitzgerald retained its Overweight rating on MongoDB, Inc. (NASDAQ:MDB), alongside a $271 price target on the company’s shares. MongoDB’s strong start to fiscal year 2026 was emphasized by the firm’s analysts, who highlighted a notable rebound in May and June after a decline in April.

Cantor Fitzgerald Maintains Price Target on MongoDB, Sees Atlas Usage Rebound

Management at MongoDB, Inc. (NASDAQ:MDB) remains optimistic about Atlas’ potential for growth of more than 20%, even when enterprise agreements are expected to drop by a high single-digit percentage for the rest of the fiscal year.

Discussions with the CFO of MongoDB, Inc. (NASDAQ:MDB) revealed that Atlas usage had resumed its previous trends. This comeback is viewed as encouraging for the company’s future growth. Moreover, according to Cantor Fitzgerald analysts, MongoDB’s reference to a well-known AI client utilizing its platform alleviated worries regarding the company’s strategic placement within the enterprise AI data stack.

MongoDB, Inc. (NASDAQ:MDB) offers a versatile database platform that includes enterprise-grade solutions, cloud-based services, and a free version for developers.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.