MongoDB raises FY27 guidance amid 50% rebound driven by AI demand for its database products

MongoDB's stock has surged about 50% from its year-to-date lows, fueled by strong AI-driven demand for its unstructured database solutions. The company raised its full-year 2027 revenue guidance to $2.92–$2.96 billion, representing 19–20% growth, with the new lower end surpassing the previous guidance's upper end. Trading at 8.3 times enterprise value to FY27 revenue, MongoDB is valued higher than application software peers but lower than infrastructure software firms with similar growth rates. Continued AI adoption and stable consumption-based pricing suggest further growth and potential valuation increases for MongoDB.