MongoDB, Inc. (NASDAQ:MDB) Maintains Neutral Rating from UBS with a Positive Price Target Adjustment

• UBS maintains a Neutral rating on MongoDB, Inc. (NASDAQ:MDB) and increases its price target from $310 to $330.
• MongoDB leverages its AI-native platform, introducing new models like Voyage-context-3 and Rerank-2.5, to enhance its database solutions.
• The company's customer base grew to 59,900 in the second quarter of fiscal 2026, with expectations to reach 62,000 by the third quarter.

MongoDB, Inc. (NASDAQ:MDB) is a leading player in the database management industry, known for its innovative approach to data solutions. The company focuses on providing a flexible, scalable database platform that caters to modern application needs. MongoDB's main competitors include Oracle, Microsoft, and Amazon Web Services, which also offer database solutions.

On September 18, 2025, UBS maintained its Neutral rating for MongoDB, suggesting investors hold onto the stock. At that time, the stock was priced at $315.98. UBS also adjusted its price target for MongoDB, increasing it from $310 to $330, indicating a positive outlook for the company's future performance.

MongoDB is leveraging its AI-native platform, enhanced by Voyage AI, to drive enterprise adoption and revenue growth. The introduction of new models like Voyage-context-3 and Rerank-2.5 enhances semantic search capabilities and minimizes AI hallucinations. This strategic shift towards AI-enabled database solutions is proving to be a significant growth catalyst for the company.

In the second quarter of fiscal 2026, MongoDB added 2,800 customers, bringing its total customer base to 59,900. The Zacks Consensus anticipates this number to reach 62,000 by the third quarter of fiscal 2026. This growth is supported by MongoDB's acquisition of Voyage AI, which has introduced advanced embedding and reranking models to its platform.

Currently, MongoDB is trading at $314.59, experiencing a slight decrease of 0.25% with a change of $0.79. The stock has fluctuated between a low of $312.27 and a high of $322.25 today. Over the past year, MongoDB's stock has reached a high of $370 and a low of $140.78, with a market capitalization of approximately $25.6 billion.