MongoDB, Inc. (MDB) Stock Price & How to Invest

MongoDB is a database software company built around a document-oriented database that stores data in flexible, JSON-like documents rather than the rigid rows and columns of traditional relational databases. This model maps naturally to how modern developers build applications, making MongoDB popular for fast-moving software teams. The company's primary growth engine is MongoDB Atlas, a fully managed cloud database service that runs across AWS, Microsoft Azure, and Google Cloud and is billed on consumption. Atlas now generates the majority of revenue and grows faster than the legacy self-managed Enterprise Advanced product. MongoDB has expanded its platform with search, vector search for AI applications, time-series data, and analytics, positioning the database as a foundation for AI-era and operational workloads. The go-to-market strategy is developer-led: teams adopt MongoDB bottom-up, and consumption scales as their applications grow. Founded in 2007 and headquartered in New York, MongoDB is a high-growth, not-yet-consistently-profitable software company tied to cloud and application development trends.

MongoDB competes against deeply entrenched relational databases (Oracle, Microsoft SQL Server, PostgreSQL) and against the cloud providers' own managed databases, including offerings that mimic MongoDB's API. Because most Atlas revenue runs on AWS, Azure, and Google Cloud, MongoDB partly depends on and competes with its own distribution partners. The company has a history of GAAP losses and elevated stock-based compensation, and consumption-based revenue can decelerate quickly if customers optimize usage or macro spending tightens. The valuation has at times embedded high growth expectations, so any slowdown in Atlas consumption or net expansion can pressure the stock sharply. Open-source alternatives and AI-driven database tooling add long-term competitive uncertainty.

36 analysts publish price targets on MDB, averaging $396.21 against a $320.16 price as of July 2026, or +23.8%. The published targets run from $272.64 to $545.00, a moderate spread, and the ratings split 31 buy, 9 hold, 0 sell. Over the last six months there have been 10 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full MDB forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on MongoDB, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Atlas cloud consumption growth. MongoDB Atlas, the managed cloud database, is the company's main growth driver and now generates most of its revenue. The most optimistic published target, $545.00, assumes this works close to its best case.

The case against. MongoDB competes against deeply entrenched relational databases (Oracle, Microsoft SQL Server, PostgreSQL) and against the cloud providers' own managed databases, including offerings that mimic MongoDB's API. The most pessimistic target, $272.64, is roughly what MDB is worth if this bites instead.

Read the full bull and bear case on MDB, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see MongoDB, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$2.2 billion
• Revenue growth: ~20% year over year
• Atlas share of revenue: ~70%, growing faster than the overall company
• Gross margin: ~75% (software, cloud-hosting costs included)
• GAAP profitability: Around breakeven to modest losses; non-GAAP profitable
• Price to sales: ~10x
• Net dollar retention: ~115-120%, reflecting expansion within the base
• Cash position: Strong net cash, several billion on the balance sheet

MongoDB trades as a high-growth software stock, with a price-to-sales multiple well above mature software peers, reflecting Atlas consumption growth and AI optionality rather than near-term GAAP profits. The valuation is sensitive to the trajectory of Atlas growth and net expansion. Multiple compression has occurred when consumption growth decelerated or software valuations broadly reset.

If you want MDB exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to MDB: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get MDB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (SKYY), which spreads the position across many companies. Or build it into a focused thematic portfolio, so MDB sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where MDB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

MongoDB (MDB) is a developer-led cloud-database grower whose consumption-based Atlas revenue and AI vector-search optionality compete against AWS, Azure, and Google managed databases plus entrenched relational systems. In a portfolio it behaves as a high-multiple, high-volatility software holding valued on Atlas growth and net expansion rather than near-term GAAP profits, sensitive to consumption trends and broad software-valuation swings.

Whether MDB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MDB a buy or a sell?, and where the stock could go from here in the MDB stock forecast.

For income investors, whether MDB pays a dividend and how the payout looks is covered in does MDB pay a dividend? And to weigh MDB against a peer, read the full side-by-side comparisons: MDB vs AMZN and MDB vs MSFT.