UBS Trims MongoDB (MDB) Price Target, Maintains Neutral Rating

On May 27, UBS analyst Karl Keirstead revised his outlook on MongoDB, Inc. (NASDAQ:MDB), cutting the price target from $250.00 to $213.00. Despite the lowered forecast, Keirstead held his Neutral rating, signaling a cautious yet steady stance on the database software provider.

The revised price target comes amid shifting expectations for MongoDB’s long-term growth. Keirstead cited a current revenue multiple of approximately 4.7 times projected 2026 earnings—a level he described as limiting further downside in the near term. “Valuation looks fairly balanced at these levels,” Keirstead noted in his research report. “But structural concerns in the data infrastructure space warrant a neutral position for now.”

UBS Trims MongoDB (MDB) Price Target, Maintains Neutral Outlook

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

MongoDB, Inc. (NASDAQ:MDB) has been a standout in the NoSQL database space, attracting enterprise clients seeking flexible, scalable data solutions. However, intensifying competition and slowing enterprise tech spending are clouding the company’s growth trajectory. The company’s upcoming earnings report may offer fresh insights into its forward momentum and revenue outlook.

UBS’s adjustment reflects broader caution across the tech sector, where analysts are re-evaluating high-growth names amid tightening budgets, shifting demand patterns, and macroeconomic uncertainty. For MongoDB, the message is clear: strong fundamentals remain, but storm clouds linger on the horizon.

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Disclosure: None.