Macquarie Raises MongoDB (MDB) Price Target, Maintains Neutral Rating

MongoDB, Inc. (NASDAQ:MDB) is one of 10 AI stocks that will skyrocket.

Macquarie has raised its price target on MongoDB, Inc. (NASDAQ:MDB) to $230 from $215, while maintaining a Neutral rating on the stock on June 6. The move follows what the firm described as a “solid” fiscal first quarter, offering reassurance after previously disappointing guidance for fiscal year 2026 revenue and margins. In a research note to investors, Macquarie analysts said MongoDB’s Q1 performance helped ease concerns that emerged last quarter, when the company issued cautious full-year projections that fell short of expectations. The improved sentiment follows stronger-than-expected revenue and signs of operational stability during the quarter, though Macquarie emphasized that challenges remain.

A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution.

Despite the Q1 rebound, the firm views the stock’s risk-reward profile as balanced, citing a mix of near-term execution risks and longer-term growth opportunities. The analysts acknowledged that while MongoDB remains a key player in modern data infrastructure, questions persist about the pace of enterprise adoption and potential competition in cloud-native database offerings. Macquarie also noted that while fundamentals have stabilized, it does not yet see a compelling reason to shift to a bullish stance given ongoing macro and margin pressures.

While we acknowledge the potential of 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 this cheapest AI stock.

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