MDB up 0.60% in pre-market on Goldman Sachs Buy rating reiteration

MongoDB received a reiterated Buy rating and a $475 price target from Goldman Sachs, citing the significant acceleration of its Atlas platform growth.

• The analyst upgrade is based on Atlas growth accelerating to 30% YoY in fiscal Q3 2026, a substantial increase from the previous 24% low.
• This acceleration is attributed to the company's strategic initiatives and successful upmarket pivot.
• MDB is trading up 0.60% at $402.03 in pre-market, aligning with positive futures amid rate cut hopes, following a -4.77% drop in the previous session.