UBS Raises PT On MongoDB (MDB) To $350, Maintains “Neutral” Rating
Key takeaways
- UBS Raises PT On Mongo DB (MDB) To $350, Maintains “Neutral” Rating Faheem Tahir Mon, June 1, 2026 at 8:48 PM GMT+7 2 min read MDB With significant hedge fund interest, Mongo DB, Inc.
- (NASDAQ:MDB) reported first-quarter fiscal 2027 revenue of $687.6 million, up 25% year-over-year.
- Meanwhile, non-GAAP income from operations was $123.2 million, up from $87.4 million a year earlier.
UBS Raises PT On Mongo DB (MDB) To $350, Maintains “Neutral” Rating Faheem Tahir Mon, June 1, 2026 at 8:48 PM GMT+7 2 min read MDB With significant hedge fund interest, Mongo DB, Inc. (NASDAQ:MDB) secures a spot on our list of the 10 best Saa S stocks to buy according to hedge funds. As of Q1 2026, 74 hedge funds held bullish positions in the stock, representing $2.58 billion in aggregate value.
On May 28, 2026, Mongo DB, Inc. (NASDAQ:MDB) reported first-quarter fiscal 2027 revenue of $687.6 million, up 25% year-over-year. Subscription revenue was $666.1 million, also up 25%, while services revenue rose 22% to $21.5 million. Non-GAAP EPS came in at $1.32, compared to $1.00 in the year-ago period.
Meanwhile, non-GAAP income from operations was $123.2 million, up from $87.4 million a year earlier. Free cash flow reached $197.5 million, nearly double the $105.9 million generated in the prior-year quarter. RPO grew 88% year-over-year to $1.46 billion, with current RPO up 69% to $766.3 million. MongoDB, Inc. (NASDAQ:MDB) ended the quarter with $2.4 billion in cash, cash equivalents, short-term investments, and restricted cash.