Citi Raises MongoDB Price Target to $440, Keeps Buy Rating
Citi increases MongoDB price target to $440, citing strong profitability, AI demand, and continued growth. Stock still undervalued compared to peers.
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Citi increases MongoDB price target to $440, citing strong profitability, AI demand, and continued growth. Stock still undervalued compared to peers.
MongoDB stock surged after beating Q2 2026 earnings and raising forecasts. Record customer growth (5,000+ YTD), particularly from "AI-native companies," and strong Atlas revenue acceleration (29%) drove the success.