MongoDB (MDB) is poised for "solid" fiscal Q1 results, underpinned by a 27% subscription growth for the company's Atlas cloud database service, RBC Capital Markets said in a Monday note.
"Risk/reward leans positive into earnings," RBC said, noting that the company could reiterate or slightly lift its fiscal 2026 outlook.
The investment firm also noted investor concerns over competitive pressures related to PostgreSQL, saying "we believe the bear case is overblown."
RBC Capital Markets reiterated its outperform rating and $320 price target on MongoDB.
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