MongoDB (NASDAQ:MDB) Price Target Raised to $440.00

Key Points

• Scotiabank raised MongoDB’s price target to $440 from $395 and maintained a “sector outperform” rating, implying 17.71% potential upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $471.81.
• MongoDB reported quarterly revenue of $771.77 million, up 30.5% year over year, while EPS of $1.90 exceeded the $1.62 consensus estimate. Management also issued fiscal 2027 revenue guidance of approximately $2.99 billion to $3.03 billion and adjusted EPS guidance of $6.39 to $6.58.
• Despite strong results and AI-related demand, investor sentiment was mixed because Atlas growth did not accelerate significantly and concerns remained about AI infrastructure costs and future growth moderation. Company insiders sold 80,696 shares worth approximately $31.4 million over the past 90 days.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective hoisted by equities researchers at Scotiabank from $395.00 to $440.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price target indicates a potential upside of 17.71% from the stock's current price.

A number of other research analysts also recently issued reports on MDB. Robert W. Baird upped their price target on MongoDB from $335.00 to $400.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. Zacks Research upgraded shares of MongoDB from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. BMO Capital Markets dropped their price target on shares of MongoDB from $500.00 to $450.00 and set an "outperform" rating on the stock in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of MongoDB from $375.00 to $475.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 25th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $519.00 price objective on shares of MongoDB in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $471.81.

MongoDB Price Performance

NASDAQ MDB traded down $60.42 during mid-day trading on Wednesday, reaching $373.79. The stock had a trading volume of 6,243,999 shares, compared to its average volume of 1,888,404. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market cap of $30.06 billion, a PE ratio of -1,008.79, a price-to-earnings-growth ratio of 3,220.66 and a beta of 1.58. The company has a fifty day moving average price of $369.91 and a 200 day moving average price of $322.27.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities research analysts expect that MongoDB will post 0.01 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the sale, the director directly owned 983,316 shares in the company, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares of the company's stock, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDB. International Assets Investment Management LLC purchased a new position in MongoDB during the 4th quarter worth $33,000. Root Financial Partners LLC lifted its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after buying an additional 32 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the 2nd quarter valued at about $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter valued at about $34,000. Finally, CX Institutional raised its holdings in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30.5% year over year, while adjusted EPS of $1.90 exceeded the roughly $1.62 consensus estimate. Atlas revenue increased about 29%, and Enterprise Advanced and other revenue rose approximately 36%. MongoDB fiscal Q2 financial results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting approximately $2.99 billion to $3.03 billion in revenue and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also came in above analyst expectations, supported by continued Atlas demand. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: The earnings call highlighted growing adoption of MongoDB’s platform for artificial-intelligence workloads, along with strength in enterprise customers and operational use cases. Several analysts maintained bullish ratings, with price targets ranging from $430 to $560, although targets were mixed. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst reaction was divided: Barclays and Mizuho raised their targets, while UBS, BMO and RBC lowered theirs. UBS moved to a neutral rating, reflecting concern that expectations may have outpaced the company’s near-term growth outlook.
• Negative Sentiment: Investors appeared disappointed that Atlas growth remained near recent levels rather than accelerating significantly. Management reportedly indicated that a meaningful Atlas growth inflection could still be several quarters away. Why MongoDB stock is falling despite strong results
• Negative Sentiment: Forward expectations were also pressured by concerns about AI-related infrastructure costs, the sequential moderation implied by third-quarter guidance, and profit-taking after a substantial prior rally. These factors outweighed the otherwise strong quarter and raised outlook.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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