MongoDB Poised for Multi-Year AI Opportunity, Oppenheimer Says

MT Newswires Live01-14

MongoDB (MDB) sees a largely nascent AI opportunity with a multi-year runway across both AI-native and enterprise customers, Oppenheimer said in a Wednesday research note, following investor meetings with management.

The company's differentiated technology suite, which includes flexible schema, scale-out, multi-cloud, and the inclusion of search, vector, and embeddings, uniquely positions MongoDB to address AI workloads at scale.

Oppenheimer said that MongoDB's management is working to increase C-level engagement, add senior sales resources and deepen customer feedback loops to help drive broader adoption and feature prioritization.

The brokerage expects guidance to be largely in line with expectations for fiscal 2027 and anticipates slower margin expansion as MongoDB invests in new features and sales execution.

Oppenheimer has a outperform rating on the company with a $490 price target.

Shares of MongoDB were down 1% in recent trading.

Price: 406.97, Change: -4.22, Percent Change: -1.03

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.

Comments

We need your insight to fill this gap
Leave a comment