From Yahoo Finance: 2025-06-05 13:10:00

DA Davidson analysts reiterated a ‘Buy’ rating on MongoDB Inc. (NASDAQ: MDB) stock with a $275 price target following the company’s strong first-quarter performance. MongoDB delivered revenue that topped expectations, with a 19.2% year-over-year increase and non-GAAP earnings per share of $1.00. Revenue totaled $549 million, above expectations.

Atlas consumption for MongoDB bounced back in May after pressure in April, with growth accelerating to 26%. The company raised its fiscal year 2026 revenue guidance to $2.25 billion to $2.29 billion, citing confidence in continued growth and operational efficiency improvements.

MongoDB develops and supports the MongoDB database, known for its flexibility and scalability. DA Davidson reaffirmed the Buy rating, emphasizing the company’s strategic focus on operational efficiency. While MDB shows investment potential, other AI stocks may offer higher returns with limited downside risk.

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Read more at Yahoo Finance: DA Davidson Reiterates Buy Rating on MongoDB (MDB), Keeps PT