In the closing of the recent trading day, MongoDB (MDB) stood at $227.86, denoting a -3.38% move from the preceding trading day.
TipRanks' analyst ranking service discusses three stocks, including MongoDB and ServiceNow, favored by Wall Street.
MongoDB (MDB) closed at $237.89 in the latest trading session, marking a -2.65% move from the prior day.
The latest trading day saw MongoDB (MDB) settling at $241.37, representing a +2.64% change from its previous close.
MDB pushes deeper into enterprise and AI with a sharpened focus on subscriptions and global developer adoption.
MongoDB's AI-ready platform and accelerating enterprise adoption make it a compelling rival to Oracle's legacy-heavy growth.
MDB rides AI momentum with Atlas growth, Voyage AI upgrades and tools like MCP to streamline LLM-powered development.
MongoDB is a pioneer in NoSQL, offering cloud-agnostic, scalable solutions with strong gen AI features, making it ideal for modern app development. The company is capturing new workloads and has significant long-term growth opportunities, including potential entry into the data warehousing market. MongoDB trades at a much lower valuation than Snowflake, yet offers strong financials, a differentiated product, and accelerating growth prospects.
MongoDB's Q1 FY26 beat and raise, with Atlas now 72% of revenue, signals strong acquisition of enterprise workloads, especially as we start to see AI deployment at scale. Architectural advantages over relational databases and product innovation, including Voyage AI, position MongoDB as a leader for AI workloads. Despite a $50M non-Atlas headwind, I believe this is temporary, with comps easing from FY27 onwards. Along with that, consensus estimates for revenue and earnings are also trending higher.
MongoDB is a top pick for 'growth at a reasonable price,' rebounding after a recent 15% dip and strong Q1 earnings. The company leads in non-relational databases, benefiting from secular growth in unstructured data and strong brand recognition. MDB's healthy buyback program, robust cash balance, and balanced growth/profitability profile make it attractive vs. peers.
Atlas drives 72% of MDB's revenues as strong adoption boosts customer growth and underpins raised fiscal 2026 guidance.
Standard Chartered is reportedly facing a lawsuit in Singapore filed by liquidators who are trying to recover money from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad (1MDB). [contact-form-7] The lawsuit alleges that Standard Chartered enabled fraud to be committed against 1MDB more than 10 years ago, Reuters reported Tuesday (July 1).