MongoDB reports growth in its enterprise customer base, raising questions about the future of Atlas.
MongoDB has announced an increase in its enterprise customer base, prompting discussions about the sustainability of its Atlas cloud database service. The company's stock closed at US$361.81, down 4.50% for the day, and has experienced a decline of 10.85% year-to-date.
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MongoDB
MDB.US
MDB.US
MongoDB
WealthAwesomeMarket cap
$29.44B
P/E
508.5x
52W high
$473.10
52W low
$215.68
1W change
-1.86%
Beta
1.75
Analyst Price Targets
Based on 41 analysts covering MDB · as of Oct 14, 2026
Wall Street analysts forecast MDB stock price to rise 26.2% over the next 12 months.
Consensus
Buy4.37 / 5.00
Avg. Target
C$449.74
+26.2% Upside
Previously C$446.77 on Oct 12, 2026
Current Price
C$356.29
Last close
Analyst Breakdown (41 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MDB's historical volatility
30-Day Vol
86.9%
Annualized
90-Day Vol
70.7%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$425.95
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$378.14 | C$280.18 – C$510.35 |
| 60 trading days | C$401.33 | C$262.64 – C$613.28 |
| 90 trading days | C$425.95 | C$253.41 – C$715.97 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should monitor how MongoDB's growth in enterprise customers impacts its future performance and stock valuation.
MongoDB's stock closes at US$361.81, down 4.50%.
The latest trading volume of 622,957 shares is notably lower than the 20-day average of 3,191,905 shares, indicating reduced trading activity.
Bull case
The growth in enterprise customers suggests strong demand for MongoDB's products. This could lead to increased revenues and a higher market valuation.
Bear case
Despite gaining more customers, MongoDB's stock has dropped significantly this year. This decline may indicate waning investor confidence.
MongoDB Reports Growth in Enterprise Customers
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MongoDB has reported an increase in its enterprise customer base, which could be a significant driver for its growth strategy. This announcement comes as the company navigates challenges in the market, with its stock currently trading down 4.50% for the day. The last close was US$361.81, and year-to-date, the stock has declined by 10.85%. This growth in enterprise customers is crucial for the performance of its Atlas cloud database service.
Stock Performance and Trading Volume Insights
As MongoDB's stock closed at US$361.81, it is important to note the stock's current position relative to its 52-week range of US$215.68 to US$473.10, indicating it is approximately 57% of the way through that range. The trading volume for the day was 622,957 shares, significantly lower than the 20-day average of 3,191,905 shares, suggesting decreased investor activity. The stock is also trading below its 50-day moving average of US$396.35.
What’s Next for MongoDB?
Investors will be closely watching how the growth in enterprise customers translates into financial performance. Currently, MongoDB has a P/E ratio of 508.45, which may raise concerns about its valuation despite the potential for increased revenue. Analyst targets suggest an average price of US$449.74, implying a potential upside of 24.3%. Additionally, MongoDB's profit margin stands at 2.1%, which highlights the need for improved profitability as the company seeks to sustain momentum in its Atlas service.
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