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MongoDB's Growth Path Targets $6 Billion Revenue with Atlas and Legacy System Migrations.
ByAinvest
Thursday, Sep 18, 2025 11:38 am ET1min read
MongoDB targets $6 billion revenue with Atlas growth and legacy system migrations. Analyst Kash Rangan maintains a Buy rating with a $370 price forecast. MongoDB is positioned to become a core player in the modern data stack, with strong innovation engine and product updates providing a path to over $6 billion in long-term revenue. The company's central role in enterprise AI adoption is highlighted, with new product announcements and integrations positioning MongoDB as a native AI data platform.
MongoDB, Inc. (NASDAQ: MDB) has announced the launch of MongoDB AMP, an AI-powered Application Modernization Platform designed to transform legacy applications into modern, scalable services. This strategic expansion beyond MongoDB's core database offerings positions the company to tackle a significant market opportunity, with technical debt in the US alone estimated at nearly $4 trillion [1].MongoDB AMP combines AI-powered software, a delivery framework, and experienced engineers to accelerate modernization projects by up to 2-3 times faster, with code transformation speeds increased by 10x or more. This holistic approach addresses the fundamental limitations of legacy systems built on rigid relational databases that struggle with modern needs like generative AI integration.
The platform has already demonstrated success with major enterprises. Bendigo Bank achieved a 90% reduction in development time and cut testing time from 80 hours to just 5 minutes. Lombard Odier accelerated code migration by up to 60x while reducing regression testing from 3 days to 3 hours. IntellectAI has leveraged the platform to enhance its wealth management offerings and unlock AI capabilities [1][2].
The launch of MongoDB AMP is a result of years of innovation and development, with the platform built on MongoDB's proven, repeatable framework. This strategic move allows MongoDB to capture significant value from the massive technical debt problem facing enterprises while enabling them to innovate faster.
Analyst Kash Rangan maintains a Buy rating with a $370 price forecast, highlighting MongoDB's potential to reach over $6 billion in long-term revenue. The company's central role in enterprise AI adoption is highlighted, with new product announcements and integrations positioning MongoDB as a native AI data platform.
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