capital · May 18, 2026
BMO Capital Raises MongoDB Price Target to $360 from $285 on AI Growth
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BMO Capital analyst Keith Bachman raised the price target on MongoDB (MDB) to $360 from $285 on May 15, 2026 while maintaining an Outperform rating. The analyst highlighted MongoDB's positioning in the database market with a focus on AI workloads where MongoDB and Postgres win in different use cases. MongoDB serves over 65,200 customers including 75 percent of the Fortune 100. BMO Capital analyst Keith Bachman raised the price target on MongoDB (MDB) to $360 from $285 on May 15, 2026.
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