On August 13, MongoDB Inc. rose 5.06% in regular trading, trading at $459.69/share, with turnover of $154 million. The rally was driven by Bank of America significantly raising its price target on MongoDB from $450 to $540 while maintaining a Buy rating, representing one of the highest targets among covering analysts.
A day earlier, Oppenheimer reiterated its Outperform rating and raised its price target from $410 to $475, citing channel checks that indicate increasing AI engagement. The firm noted MongoDB is positioned to become a key enterprise agentic enabler, supporting more robust fiscal 2028 momentum. The current FactSet consensus among analysts shows an average rating of Overweight with a mean price target of $416.48.
The broader AI application software sector strengthened on the same day, with multiple names moving higher in tandem. MongoDB is scheduled to report fiscal Q2 results on September 1, with consensus EPS expectations of $0.08.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)