【券商聚焦】中信证券：MongoDB(MDB)基本面并未恶化看好回调后布局机会

金吾财讯04-16

金吾财讯 | 中信证券研报指，2026财年四季度 (截至今年1月) MongoDB(MDB)整体表现稳健，市场担忧主要来自Atlas表观增速略低于高预期及销售团队变动，但公司基本面并未恶化，长期来看Atlas消费韧性、大客户订单增长及AI负载扩张仍将支撑公司成长。AI方面，尽管尚未成为收入的重要驱动，但vector search及Voyage嵌入模型客户数均实现翻倍，底层需求增长明显。考虑公司在NoSQL/NewSQL及云化趋势中的竞争优势，看好其中长期投资价值，予目标价340美元。

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【券商聚焦】中信证券：MongoDB(MDB)基本面并未恶化 看好回调后布局机会

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【券商聚焦】中信证券：MongoDB(MDB)基本面并未恶化看好回调后布局机会