Citizens JMP Reiterates a ‘Market Outperform’ Rating on MongoDB, Inc. (MDB)

MongoDB, Inc. (NASDAQ:MDB) is one of the 12 Best Stocks to Buy in Falling Markets According to Hedge Funds.

Citizens JMP Reiterates a ‘Market Outperform’ Rating on MongoDB, Inc. (MDB)

A close-up of a computer monitor showing a complex web of cloud-based technology.

On August 20, 2025, Citizens JMP reiterated a ‘Market Outperform’ rating on MongoDB, Inc. (NASDAQ:MDB) with a $345 price target, indicating confidence in the database software company amid inconsistent sales indications. Analyst Patrick Walravens identified two positive indicators: sales employees exceeded quarterly attainment goals, albeit with lesser increases in Q2 compared to Q1.

Offsetting this, the firm identified one negative data point: a salesperson’s departure to a human resource management organization. Despite noting the mixed picture, Citizens JMP remained enthusiastic, highlighting MongoDB, Inc. (NASDAQ:MDB)’s solid execution and growth prospects. The research note demonstrates continued confidence as MongoDB expands its cloud-based database platform in a competitive market.

MongoDB, Inc. (NASDAQ:MDB) offers a general-purpose database platform, including the multi-cloud service MongoDB Atlas, to organizations worldwide, providing scalable, developer-friendly database solutions. It is included in our list of the Best Bear Market Stocks.

While we acknowledge the potential of MDB to grow, 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 this cheapest AI stock.

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Disclosure: None.