MongoDB (MDB) is poised for "solid" fiscal Q1 results, underpinned by a 27% subscription growth for the company's Atlas cloud database service, RBC Capital Markets said in a Monday note.
"Risk/reward leans positive into earnings," RBC said, noting that the company could reiterate or slightly lift its fiscal 2026 outlook.
The investment firm also noted investor concerns over competitive pressures related to PostgreSQL, saying "we believe the bear case is overblown."
RBC Capital Markets reiterated its outperform rating and $320 price target on MongoDB.
Price: 187.80, Change: -1.22, Percent Change: -0.64
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.