Growth Outlook Strengthens

The company highlighted a significant rise in remaining performance obligation (RPO) and contracted revenue expected to be recognized in the next 12 months, underpinning outlook for continued outperformance. Bank of America raised its price target to $390 (from $375) and reaffirmed a Buy rating, citing Atlas growth of 29.4 % YoY, higher than forecasts. MongoDB’s FY2027 revenue guidance was increased to $2.92–$2.96 billion, and BofA lifted its FY2027 forecast to $2.94 billion. Free cash flow reached $197.5 million, up from $105.9 million a year earlier, reinforcing the company’s ability to fund growth.