09:09 AM EST, 11/26/2025 (MT Newswires) -- MongoDB ( MDB ) is expected to record "solid" fiscal Q3 financial results, capitalizing on higher demand for its artificial intelligence portfolio across enterprise channels and its mid-market opportunities, Wedbush Securities said in a note Wednesday.

Analysts said the Street's fiscal Q3 revenue estimate of $593.9 million is "conservative" as consumption metrics for the Atlas cloud database service are still in the early stages of re-accelerating, with more customers realizing value from the platform.

Atlas currently contributes about $2 billion in annual revenue, and the company has yet to "scratch the surface" of an over $100 billion market opportunity, according to the note.

The investment firm also said MongoDB's ( MDB ) product launches at its investor day event in September demonstrate the company's ability to add customers to its ecosystem.

MongoDB ( MDB ) said it will report fiscal Q3 earnings after markets close on Dec. 1.

Wedbush maintained its outperform rating on the stock and $400 price target.