MongoDB (MDB) Stock Upgraded Outlook: Revenue Growth in High Teens Seen Ahead

MongoDB, Inc. (NASDAQ:MDB) is one of the Buzzing AI Stocks on Wall StreetOn September 19, Citizens JMP analyst Patrick Walravens raised the price target on the stock to $375.00 (from $345.00) while maintaining a Market Outperform rating following its investor day.

The analysts noted how MongoDB has provided 3-5 year long-term financial targets with revenue growth in the “high teens.” The firm continues to like the stock as an opportunity for long-term appreciation.

“We maintain our Market Outperform rating and increase our price target to $375 from $345 on MongoDB after attending the company’s investor day at its user conference MongoDB.local NYC 2025 where the company provided long-term financial targets and where we spoke to seven customers regarding their spending plans on MongoDB in the next 12-18 months of which five said up, one said flat, and one said down, and after the stock has increased 36% year to date versus an increase of 13% year to date for the Russell 3000.”

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide that integrates operational, unstructured, and AI-related data to streamline building applications.

While we acknowledge the risk and potential of MDB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MDB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks on Market Radar

Disclosure: None.