MongoDB (NASDAQ:MDB) Given "Overweight" Rating at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “Overweight” rating on MongoDB and set a $540 price target, implying approximately 53.5% upside from the stock’s $351.73 price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $462.59, although UBS lowered its target to $375 and maintained a neutral rating.
• MongoDB exceeded quarterly expectations, reporting $1.90 in adjusted EPS versus estimates of $1.62 and revenue of $771.77 million versus $735.01 million; revenue increased 30.5% year over year.

MongoDB (NASDAQ:MDB - Get Free Report)'s stock had its "overweight" rating reaffirmed by investment analysts at Cantor Fitzgerald in a research note issued on Friday, Benzinga reports. They currently have a $540.00 price objective on the stock. Cantor Fitzgerald's price target indicates a potential upside of 53.53% from the company's current price.

Several other equities research analysts have also commented on the company. The Goldman Sachs Group upped their target price on MongoDB from $453.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Wall Street Zen upgraded MongoDB from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. UBS Group cut their price target on MongoDB from $410.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday. Scotiabank reiterated an "outperform" rating on shares of MongoDB in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein increased their price target on MongoDB from $449.00 to $484.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $462.59.

MongoDB Trading Up 0.9%

NASDAQ MDB opened at $351.73 on Friday. The business's 50-day moving average price is $389.89 and its two-hundred day moving average price is $333.01. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The firm has a market capitalization of $28.34 billion, a PE ratio of 495.39, a price-to-earnings-growth ratio of 37.45 and a beta of 1.75.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the previous year, the company posted $1.00 EPS. The business's 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. As a group, analysts forecast that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company's stock, valued at approximately $10,648,309.92. The trade was a 3.41% 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 three months, insiders sold 17,000 shares of company stock valued at $7,792,320. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Versant Capital Management Inc grew its stake in MongoDB by 8.7% during the third quarter. Versant Capital Management Inc now owns 1,712 shares of the company's stock worth $597,000 after buying an additional 137 shares during the period. QRG Capital Management Inc. grew its stake in MongoDB by 10.3% during the second quarter. QRG Capital Management Inc. now owns 1,341 shares of the company's stock worth $450,000 after buying an additional 125 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in MongoDB by 59.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company's stock worth $2,433,000 after buying an additional 2,697 shares during the period. SkyView Investment Advisors LLC purchased a new stake in MongoDB during the second quarter worth approximately $252,000. Finally, Sequoia Financial Advisors LLC grew its stake in MongoDB by 36.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company's stock worth $877,000 after buying an additional 701 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and assigned a $540 price target, implying substantial upside from current levels. Cantor Fitzgerald rating report
• Positive Sentiment: MongoDB attracted unusually heavy call-option activity, with 29,206 contracts purchased—about 40% above typical volume—suggesting some traders are positioning for a rebound. MongoDB call options report
• Positive Sentiment: Recent Investor Day updates remain a longer-term catalyst: management raised its fiscal 2028–2030 revenue-growth target to at least 20%, highlighted AI products including MongoDB 9.0 and Atlas Infinite, and expanded its share-repurchase authorization by $1 billion to $1.35 billion. MongoDB Investor Day report
• Neutral Sentiment: Citizens JMP and RBC maintained positive ratings, while BMO, Stephens, and Stifel lowered their price targets. The mixed revisions indicate continued confidence in MongoDB’s business but greater caution about near-term execution and valuation. MongoDB analyst target updates
• Negative Sentiment: Analysts and investors continue to assess the abrupt departure of CEO Chirantan Desai, who left to join Meta Platforms. The leadership transition triggered a sharp selloff and remains the primary overhang despite the buyback announcement. MongoDB CEO departure report
• Negative Sentiment: Coverage also notes that MDB has declined 7.1% since its latest earnings report, suggesting investors may be looking beyond the strong quarterly beat toward forward estimates, leadership stability, and the pace of future growth. MongoDB post-earnings performance report

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.