MongoDB has had the kind of year that tests investor conviction, patience, and all sorts of psychological barriers. The stock is down 20% year-to-date according to Yahoo Finance. That’s a painful stretch for a company that returned 77% over the past twelve months and sits at the center of enterprise AI database infrastructure. The market has been sending a message of doubt, and Bank of America just sent one back.

BofA Securities raised its price target on MongoDB (MDB) in a note shared with TheStreet, maintaining its Buy rating a few days before MongoDB’s May 28 first-quarter fiscal 2027 earnings report. At $334.68, that $375 target implies roughly 12% upside – modest in isolation, but significant given the cloud of…