MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital

With a short float of 4.43% and upside potential of 15.50%, MongoDB, Inc. (NASDAQ:MDB) earns a place on our list of the best cloud stocks to buy as Azure growth hits 40%.

On May 15, 2026, BMO Capital analyst Keith Bachman raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $360 from $285 while keeping an “Outperform” rating on the shares.

In a note analyzing the competitive state of the database market with a focus on AI, the firm said MongoDB, Inc. (NASDAQ:MDB) and Postgres tend to win in different use cases, with both positioned to acquire AI workloads. BMO added that MongoDB remains well-positioned in the database market and has durable growth potential.

That view was supported by a recent customer win involving India’s Emergent Labs, a $100 million ARR AI coding platform serving 190 countries. The company chose MongoDB Atlas over PostgreSQL to power AI agents that build production-ready applications from natural language prompts, underscoring MongoDB’s growing relevance relative to its peers.

Against that backdrop, Citi took a more bullish stance on MongoDB, Inc. (NASDAQ:MDB).

On May 12, 2026, Citi raised its price target on MongoDB, Inc. (NASDAQ:MDB) to $450 from $400 and kept a “Buy” rating on the shares. Citi also opened an upside 90-day catalyst watch on the stock, noting that its channel checks suggested a significant ramp in Atlas usage in Q1 at several AI-native customers.

The firm further said MongoDB, Inc. (NASDAQ:MDB) was “bucking the trend” of a weaker software budget environment, adding to the case that demand for Atlas remains a key part of the company’s growth story.

MongoDB Inc. (NASDAQ:MDB) provides a general-purpose database platform through cloud-based, enterprise, and community offerings.

While we acknowledge the potential of MDB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.