11:15 AM EDT, 10/10/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We initiate coverage of MDB with a Buy rating and target price of $392, which is 88x our FY 27 (Jan.) EPS view, below MDB's three-year average (~106x) on decelerating growth metrics. Our initial EPS views are $3.74 for FY 26, $4.45 for FY 27, and $5.50 for FY 28. We like the advantages of MDB's document architecture (vs. relational databases) as AI use cases continue to grow. We also expect healthy demand from relational migrations that exceed the company's traditional range of 20%-30% of new business. We think the ingredients are in place for the company to continue posting sequential improvements in key indicators like Y/Y Atlas growth, which expanded 29% in FQ2 2026 vs. +26% in FQ2 2025 for the first annual improvement in growth in several years. Customer growth (+2,500 Q/Q ex-Voyage acquisition vs. +1,500 in the prior-year period) is also benefiting from increasing adoption among AI start-ups. Each metric is likely to get a boost from the company's new MongoDB ( MDB ) 8.2 platform release.