MongoDB (MDB) Sees Higher FY2026 Projections, Price Target Lifted at MCH

MongoDB, Inc. (NASDAQ:MDB) ranks among the best predictive analytics stocks to buy right now. Monness, Crespi, Hardt boosted its price target on MongoDB, Inc. (NASDAQ:MDB) to $360 from $295 on August 27, while keeping a Buy rating on the database software company’s shares. The firm cited MongoDB’s revised financial projection for FY2026 as the key driver for the higher valuation.

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For the third quarter of fiscal year 2026, MongoDB, Inc. (NASDAQ:MDB) forecasts revenue within the $587-592 million range, which exceeds the analyst average of $582.6 million. The company also predicts an operating profit of $66-70 million and EPS within the $0.76-0.79 range for the quarter.

For the full fiscal year 2026, Monness Crespi Hardt improved its earnings per share forecast from $4.11 to $4.22 and increased its sales projection to $2.407 billion, indicating a 20% rise.

MongoDB, Inc. (NASDAQ:MDB) provides a comprehensive database platform with enterprise-grade solutions, cloud-based services, and a free version for developers. MongoDB’s document model supports complicated hierarchies and arrays, making it ideal for Big Data analytics.

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. This article is originally published at Insider Monkey.