MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital With a short float of 4.43% and upside potential of 15.50%, MongoDB, Inc. (NASDAQ:MDB) earns a place on our list of the best cloud stocks to buy as Azure growth hits…
%. On May 15, 2026, BMO Capital analyst Keith Bachman raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $360 from $285 while keeping an “Outperform” rating on the shares
In a note analyzing the competitive state of the database market with a focus on AI, the firm said MongoDB, Inc. (NASDAQ:MDB) and Postgres tend to win in different use cases, with both positioned to acquire AI workloads. BMO added that MongoDB remains well-positioned in the database market and has durable growth potential. That view was supported by a recent customer win involving India’s Emergent Labs, a $100 million ARR AI coding platform serving 190 countries.
The company chose MongoDB Atlas over PostgreSQL to power AI agents that build production-ready applications from natural language prompts, underscoring MongoDB’s growing relevance relative to its peers. Against that backdrop, Citi took a more bullish stance on MongoDB, Inc. (NASDAQ:MDB). On May 12, 2026, Citi raised its price target on MongoDB, Inc. (NASDAQ:MDB) to $450 from $400 and kept a “Buy” rating on the shares.