MongoDB, Inc. (NASDAQ:MDB) features on the list of tech stocks to sell according to billionaires, with billionaire holdings declining from around $4.23 billion in Q4 2025 to $1.99 billion in Q1 2026, a decrease of about $2.23 billion.
That sell-off has come even as Wall Street has grown steadily more bullish on MongoDB, Inc. (NASDAQ:MDB).
On June 8, 2026, BofA analyst Koji Ikeda raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $450 from $390 while keeping a “Buy” rating, citing higher confidence in the demand environment and multiple expansion across the infrastructure software peer group.
That update followed a series of similar moves. On June 2, 2026, Tigress Financial analyst Ivan Feinseth raised the firm’s price target to $515 from $430 while maintaining a “Buy” rating. Feinseth said he sees a compelling multi-year upside opportunity for MongoDB, Inc. (NASDAQ:MDB) shares, pointing to the company’s leading modern, general-purpose database and emerging AI data platform.
On May 29, 2026, Scotiabank raised its price target to $395 from $310 while keeping an “Outperform” rating. The firm noted that Atlas’ growth in the first quarter was solid, and said recent performance was enough to show the engine is humming.
That same day, Wedbush analyst Daniel Ives raised his price target to $390 from $380 while maintaining an “Outperform” rating. Ives noted MongoDB, Inc. (NASDAQ:MDB) started the year strongly, with first quarter fiscal 2027 results featuring beats across the board, while the company raised its fiscal 2027 revenue guidance significantly as Atlas consumption continues to show strength heading into the second half of fiscal 2027, with growing integration into mission-critical applications.
MongoDB, Inc. (NASDAQ:MDB) is a data platform company. Its platform combines a globally distributed operational database with a set of data services that help development teams manage a growing range of application requirements.
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