MongoDB (NASDAQ:MDB) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded MongoDB from “hold” to “buy,” while other analysts raised targets as high as $480. The stock carries a consensus “Moderate Buy” rating and an average price target of $471.81.
• MongoDB’s latest results exceeded expectations, with EPS of $1.90 versus $1.62 expected and revenue of $771.77 million, up 30.5% year over year.
• Despite strong analyst sentiment and institutional ownership of 89.29%, valuation remains elevated, with a P/E ratio above 519, while insiders have sold approximately $16.1 million in shares over the past 90 days.

MongoDB (NASDAQ:MDB - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on MDB. Mizuho raised their target price on MongoDB from $400.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on MongoDB from $400.00 to $480.00 and gave the stock a "buy" rating in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $430.00 price target on shares of MongoDB in a report on Wednesday. DA Davidson reissued a "buy" rating and issued a $465.00 price objective on shares of MongoDB in a research note on Wednesday. Finally, KGI Securities initiated coverage on MongoDB in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $470.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $471.81.

MongoDB Stock Performance

MongoDB stock opened at $368.74 on Friday. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock's 50 day moving average price is $374.27 and its two-hundred day moving average price is $322.83. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. During the same period last year, the company posted $1.00 earnings per share. The business's quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts forecast that MongoDB will post 0.37 EPS for the current year.

Insider Activity at MongoDB

In related news, CFO Michael Berry sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company's stock, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the transaction, the director directly owned 983,316 shares in the company, valued at $348,005,365.56. This represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock valued at $16,098,655 over the last 90 days. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of MongoDB by 32,986.4% during the 2nd quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company's stock worth $13,277,581,000 after buying an additional 39,408,906 shares in the last quarter. ValueAct Holdings L.P. grew its holdings in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company's stock valued at $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp increased its position in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company's stock valued at $754,119,000 after acquiring an additional 40,219 shares during the last quarter. Amundi increased its position in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company's stock valued at $477,550,000 after acquiring an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company's stock valued at $604,429,000 after acquiring an additional 9,693 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

About MongoDB

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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