MongoDB (NASDAQ:MDB) Price Target Raised to $480.00 at Barclays

Key Points

• Barclays raised MongoDB’s price target to $480 from $460 while maintaining an “overweight” rating, implying approximately 10.55% upside from the current price.
• MongoDB reported quarterly revenue of $771.8 million and adjusted EPS of $1.90, beating analyst estimates; revenue increased 30.5% year over year, and management raised its fiscal 2027 outlook.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $462.84, although insiders sold about $31.4 million of stock during the quarter.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price hoisted by equities research analysts at Barclays from $460.00 to $480.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 10.55% from the stock's current price.

Several other equities analysts have also issued reports on MDB. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $415.00 to $460.00 and gave the stock a "buy" rating in a report on Monday. Guggenheim reissued a "buy" rating and issued a $560.00 price objective on shares of MongoDB in a research report on Wednesday. Mizuho boosted their target price on MongoDB from $400.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday. KGI Securities assumed coverage on MongoDB in a research report on Wednesday, July 8th. They set an "outperform" rating and a $470.00 target price on the stock. Finally, DA Davidson increased their price target on MongoDB from $375.00 to $465.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus target price of $462.84.

MongoDB Stock Performance

MDB stock opened at $434.21 on Wednesday. MongoDB has a one year low of $215.68 and a one year high of $473.10. The firm has a market cap of $34.92 billion, a price-to-earnings ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58. The firm has a 50-day simple moving average of $369.91 and a two-hundred day simple moving average of $322.27.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company's quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 analysts predict that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dev Ittycheria sold 40,000 shares of the firm's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company's stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the sale, the director owned 983,316 shares in the company, valued at $348,005,365.56. The trade was a 1.01% decrease in their position. 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. Over the last quarter, insiders sold 80,696 shares of company stock valued at $31,425,055. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. increased its holdings in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company's stock worth $148,872,000 after acquiring an additional 189,820 shares in the last quarter. Fiera Capital Corp grew its stake in MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company's stock valued at $76,818,000 after acquiring an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company's stock valued at $6,990,000 after purchasing an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company's stock worth $43,022,000 after acquiring an additional 21,273 shares during the last quarter. Finally, Bluebird Wealth Management LLC purchased a new position in shares of MongoDB during the 4th quarter worth $1,802,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of about $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter revenue guidance of $756 million to $761 million also topped analyst expectations. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a major growth driver, with revenue increasing approximately 29%, while enterprise and other revenue rose about 36%. Management cited strong enterprise workloads and early AI-related use cases as support for its upgraded outlook. MongoDB earnings call highlights
• Neutral Sentiment: Several analysts maintained Buy or Outperform ratings and issued price targets ranging from $430 to $560, suggesting that Wall Street remains broadly constructive on MongoDB’s long-term growth prospects. However, the targets vary widely after the earnings release. Analyst forecasts after MongoDB results
• Negative Sentiment: Atlas growth remained near 29%, broadly unchanged from recent quarters, disappointing investors who expected a clearer acceleration from AI demand. Chief Executive Officer Dev Ittycheria reportedly said he was surprised and disappointed by the market reaction, while noting a more meaningful Atlas growth inflection could still be several quarters away. MongoDB Atlas growth misses expectations
• Negative Sentiment: Investors also cited elevated AI and infrastructure costs, profit-taking after a strong run, and MongoDB’s demanding valuation. The company continues to report a slightly negative net margin, increasing the market’s sensitivity to any sign that growth is not accelerating quickly enough. MongoDB AI infrastructure costs

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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