MongoDB Shows 'Healthy' Consumption Trends, RBC Says

11:15 AM EDT, 10/01/2026 (MT Newswires) -- MongoDB (MDB) is showing "healthy" consumption trends for AI workloads, RBC said in a report Wednesday after attending MDB.local NYC and speaking with partners and customers. RBC analysts said their constructive view was reinforced on consumption trajectory, competitive differentiation around flexibility and real-time data, and positioning for AI workloads as adoption evolves toward agentic use cases. They said the path to production for agentic workloads remains in early stages, but the firm is well positioned for it. "We are increasingly positive on MDB given healthy consumption indicators and differentiated positioning for the agentic era," the analysts said. RBC kept its outperform rating with a price target of $465. Price: 354.88, Change: +6.27, Percent Change: +1.80