Citi Affirms Buy Rating on MongoDB (MDB) on Strong 2026 Expectation

On June 3, Citi analysts reiterated a ‘Buy’ rating and a price target of $330 for MongoDB, Inc. (NASDAQ:MDB) stock. The bullish stance stems from expectations the company will have a strong fiscal 2026 driven by strength in enterprise agreements. The company is also positioned to benefit from multiple expansion deals.

Citi Affirms Buy Rating on MongoDB (MDB) on Strong 2026 Expectation

A database administrator managing a large database, ensuring the client’s data is secure.

Citi analysts are confident of a significant upside in MongoDB Atlas service, especially in the financial service sector. While the company is staring at the rising competition, especially from Postgres, the analysts insist the total addressable market is large enough. Consequently, the company stands to enjoy accelerated growth.

In addition, increased adoption of artificial intelligence applications is seen as a differentiator that should strengthen MongoDB’s edge against Postgres. The company’s revenue has increased by 19.2% over the past year and boasts a 37% compound annual growth rate.

Citi analysts are awaiting commentary from MongoDB’s new CFO, Mike Berry, who is expected to shed more light on the company’s financial outlook and growth prospects. The company continues to focus on strategic ambitions and the possible influence of general artificial intelligence on application development. The company’s potential to reach or surpass revenue estimates should be clear once it reports its first-quarter results.

MongoDB Inc. is a technology company that develops and provides the MongoDB database platform, a widely used NoSQL database known for its flexibility and scalability. It offers various services like consulting, training, and support for MongoDB users.

While we acknowledge the potential of MongoDB, Inc. (NASDAQ:MDB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MDB and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.