UBS Raises PT On MongoDB (MDB) To $350, Maintains “Neutral” Rating

With important hedge money interest, MongoDB, Inc. (NASDAQ:MDB) secures a spot connected our database of the 10 champion SaaS stocks to bargain according to hedge funds. As of Q1 2026, 74 hedge funds held bullish positions successful the stock, representing $2.58 cardinal successful aggregate value.

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On May 28, 2026, MongoDB, Inc. (NASDAQ:MDB) reported first-quarter fiscal 2027 gross of $687.6 million, up 25% year-over-year. Subscription gross was $666.1 million, besides up 25%, portion services gross roseate 22% to $21.5 million. Non-GAAP EPS came successful astatine $1.32, compared to $1.00 successful the year-ago period.

Meanwhile, non-GAAP income from operations was $123.2 million, up from $87.4 cardinal a twelvemonth earlier. Free currency travel reached $197.5 million, astir treble the $105.9 cardinal generated successful the prior-year quarter. RPO grew 88% year-over-year to $1.46 billion, with existent RPO up 69% to $766.3 million. MongoDB, Inc. (NASDAQ:MDB) ended the 4th with $2.4 cardinal successful cash, currency equivalents, short-term investments, and restricted cash.

CEO CJ Desai said MongoDB, Inc. (NASDAQ:MDB) continues to amusement beardown profitability portion driving gross maturation and cited momentum crossed endeavor usage cases and emerging AI opportunities. MongoDB besides acquired Clarity Business Solutions to fortify its U.S. Federal vertical and formalized a strategical concern with LangChain to presumption MongoDB Atlas arsenic a backend for accumulation AI agents.

Looking ahead, MongoDB, Inc. (NASDAQ:MDB) guided for second-quarter gross of $729 cardinal to $734 cardinal and non-GAAP EPS of $1.58 to $1.61. Full-year fiscal 2027 gross guidance was raised to $2.92 cardinal to $2.96 billion, with non-GAAP EPS of $5.95 to $6.14.

On May 29, 2026, UBS raised its terms people connected MongoDB, Inc. (NASDAQ:MDB) to $350 from $275 and kept a “Neutral” rating, calling the 4th mostly successful enactment and noting results were driven chiefly by its halfway concern alternatively than early-stage AI demand.

MongoDB, Inc. (NASDAQ:MDB) is simply a developer information level company. Its level combines a globally distributed operational database with a acceptable of information services that assistance improvement teams negociate a increasing scope of exertion requirements.

While we admit the imaginable of MDB arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock. READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years. Disclosure: None. Follow Insider Monkey connected Google News.