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Citi bullish on MongoDB stock, expects ’significant positive estimate revisions’
['Vahid Karaahmetovic', 'Tue', 'August At Pm Bst', 'Min Read']
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Investing.com -- Citi reissued its positive catalyst watch on MongoDB, citing "significant positive estimate revisions" and several upcoming catalysts including earnings, product updates, a Citi conference and an investor day.
The bank's intra-quarter fieldwork pointed to "broad-based momentum," with top-of-funnel activity improving as download activity accelerated meaningfully in the second quarter.
The analysts also examined MongoDB's positioning in the "agentic memory layer," building on Citi's earlier comparison between MongoDB and Postgres.
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