Bank of America keeps Buy on MongoDB, citing strong AI-driven growth and $540 price target

Bank of America Securities reaffirmed a Buy rating on MongoDB Inc, highlighting its strong growth prospects driven by artificial intelligence and enterprise system modernization. The broker sees MongoDB’s Atlas Infinite platform as a key catalyst for AI workload adoption due to its scalable infrastructure. Revenue forecasts for 2028 and 2029 were raised to $3.65 billion and $4.39 billion respectively, with expected profitability improvements. Near-term risks include leadership changes and competition, but confidence remains high in MongoDB’s long-term growth and margin expansion potential.

MongoDB Inc trades at USD 378.46 on Pluang as of Oct 14, 2026 01:22 WIB, down 0.74% in the last day. The stock's market cap stands at $30.72 billion, with a 52-week range between $225.95 and $472.29. Despite Bank of America's bullish outlook, current Pluang order activity shows 100% sell interest, reflecting cautious investor sentiment.