Cantor Fitzgerald Raises MongoDB (MDB) Price Target on Stable Outlook and AI Demand

MongoDB, Inc. (NASDAQ:MDB) is included among the 10 Best Reddit Stocks to Buy According to Billionaires.

Cantor Fitzgerald Raises MongoDB (MDB) Price Target on Stable Outlook and AI Demand

On May 26, Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $416 from $378 while maintaining an Overweight rating on the shares. The analyst said channel checks indicated results were broadly in line last quarter. He also noted that forward outlooks remained stable, with continued growth mainly supported by AI-related demand.

Earlier, on May 15, BMO Capital analyst Keith Bachman raised the firm’s price target on MongoDB to $360 from $285 and kept an Outperform rating on the stock. While reviewing competition in the database market with a focus on AI, the firm said MongoDB and Postgres generally succeed in different use cases. According to the analyst, both platforms can continue gaining AI workloads. BMO Capital also said MongoDB remains well-positioned in the database market and sees durable long-term growth potential for the company.

MongoDB, Inc. (NASDAQ:MDB) is a developer data platform company. Its platform combines a globally distributed operational database with a set of data services that help development teams manage a growing range of application requirements.

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