10:46 AM EDT, 09/15/2025 (MT Newswires) -- MongoDB ( MDB ) is starting to "hit its next stride" as its artificial intelligence applications are poised to expand significantly in the coming years, Wedbush said Monday in a report.

The company is shifting its focus to upmarket opportunities across enterprise channels, improving its innovation and increasing market share, the report said.

MongoDB's ( MDB ) Atlas platform is gaining momentum among new customers with the highest year-to-date customer count additions in the company's history, Wedbush said.

Atlas represents a $2 billion revenue business, and MongoDB ( MDB ) has "barely scratched the surface" of its growth potential, the report said.

Wedbush boosted its price target on MongoDB ( MDB ) to $400 from $300 and maintained its outperform rating. The firm also added MongoDB ( MDB ) to its Best Ideas List.

MongoDB ( MDB ) shares rose 2.3% in recent Monday trading.

Price: 337.69, Change: +7.59, Percent Change: +2.30