MongoDB to Outperform 'Conservative' Fiscal 2027 Guidance, Wedbush Says

MT Newswires Live
May 26

MongoDB (MDB) is set to outperform its "conservative" fiscal 2027 guidance, Wedbush Securities said.

The company is scheduled to report its fiscal Q1 financial results on Thursday.

The brokerage said in a Monday note that it expects MongoDB to report "solid" fiscal Q1 results, with the company looking to expand its artificial intelligence portfolio across enterprise channels, especially US enterprise, and midmarket opportunities.

Wedbush said the company has yet to scratch the surface of the over $100 billion opportunity it faces.

Analysts said MongoDB's recent acquisition of Voyage AI is a critical part of its AI strategy.

Wedbush reiterated its outperform rating on the stock with a $380 price target.

Price: 312.18, Change: -13.95, Percent Change: -4.28

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