BUZZ-Street View: MongoDB to accelerate growth with Atlas and AI momentum

Reuters
Yesterday
BUZZ-Street View: MongoDB to accelerate growth with Atlas and AI momentum

** Software company MongoDB MDB.O on Monday raised its full-year profit and revenue forecast

** Shares rise 22.8% to $404 premarket

GROWTH STORY STILL HAS LEGS

** Piper Sandler ("overweight," PT: $490) says co's outlook is strong, driven by Atlas (multi-cloud database service) growth and new leadership hires, positioning it as a key player in modern databases and AI infrastructure, with potential to beat the Rule of 40 this year

** Barclays ("overweight," PT: $415) says Q4 guidance was strong, and the CFO set clear FY27 targets — especially for the EA (enterprise advanced) business, to keep expectations realistic and build confidence in long-term growth

** Morningstar (fair value: $303) believes MDB enables rapid AI app development but needs to prove its data and performance limits won’t hinder long-term enterprise adoption

** Scotiabank ("sector perform," PT: $415) says co can grow share in the large database market, but advises a wait-and-see approach until AI benefits and competitive trends become clearer

(Reporting by Kanishka Ajmera in Bengaluru)

((Kanishka.Ajmera@thomsonreuters.com))

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