Stephens Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

Key Points

• Stephens cut MongoDB’s price target to $372 from $398 and maintained an “equal weight” rating, implying roughly 10% upside. However, the broader analyst consensus remains “Moderate Buy,” with an average target of $468.69.
• MongoDB reported better-than-expected quarterly results, including $1.90 in EPS versus a $1.62 estimate and revenue of $771.77 million, up 30.5% year over year.
• Investor concerns include the CEO transition, elevated valuation and recent insider selling, although the company reaffirmed its fiscal 2027 guidance and continues to pursue growth through products such as MongoDB 9.0 and Atlas Infinite.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective decreased by Stephens from $398.00 to $372.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Stephens' price target suggests a potential upside of 10.32% from the company's current price.

A number of other research firms have also issued reports on MDB. KGI Securities assumed coverage on shares of MongoDB in a report on Wednesday, July 8th. They set an "outperform" rating and a $470.00 target price on the stock. Rosenblatt Securities boosted their price target on shares of MongoDB from $395.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Citigroup reaffirmed a "market outperform" rating on shares of MongoDB in a research report on Monday. Citizens Jmp reiterated a "market outperform" rating and issued a $519.00 price objective on shares of MongoDB in a research note on Wednesday, September 2nd. Finally, Truist Financial upped their price target on MongoDB from $400.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $468.69.

MongoDB Stock Up 0.7%

NASDAQ:MDB opened at $337.19 on Wednesday. The stock has a market capitalization of $27.16 billion, a PE ratio of 474.92, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. The stock's 50-day moving average price is $387.97 and its 200-day moving average price is $331.74. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $735.01 million. During the same quarter in the prior year, the company earned $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. Sell-side analysts expect that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company's stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. 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 17,000 shares of company stock worth $7,792,320 over the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company's stock valued at $377,000 after acquiring an additional 34 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its stake in MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company's stock worth $70,000 after purchasing an additional 36 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in MongoDB by 27.1% during the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company's stock worth $60,000 after purchasing an additional 38 shares during the last quarter. Finally, 111 Capital boosted its holdings in MongoDB by 2.5% in the fourth quarter. 111 Capital now owns 1,946 shares of the company's stock worth $817,000 after purchasing an additional 47 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB unveiled MongoDB 9.0, Atlas Infinite and Atlas Agent Engine at its Investor Day. The company says MongoDB 9.0 offers up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to scale rapidly for unpredictable AI workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The partnership with Cognition, creator of Devin, is intended to help customers modernize legacy infrastructure faster and migrate workloads to MongoDB Atlas, potentially supporting enterprise adoption. Cognition and MongoDB partnership
• Positive Sentiment: MongoDB reaffirmed its fiscal 2027 third-quarter and full-year guidance following the CEO transition, suggesting that management does not currently see a material deterioration in demand. DA Davidson also maintained a Buy rating with a $465 price target. What's going on with MongoDB stock
• Neutral Sentiment: Former CEO Dev Ittycheria was named interim chief executive while MongoDB searches for a permanent successor. His prior experience leading the company provides continuity, but the search timeline and long-term strategy remain important investor concerns. MongoDB stock drops after CEO exit
• Negative Sentiment: CEO Chirantan “CJ” Desai left immediately to lead Meta’s new enterprise platform. Investors are concerned about execution, strategy and the loss of an executive who knows MongoDB’s products and customers; Meta’s initiative could also become a direct competitor. MongoDB CEO Desai steps down to lead Meta's enterprise platform
• Negative Sentiment: The selloff has intensified concerns about valuation. MongoDB trades at elevated earnings and sales multiples despite thin profitability, leaving limited room for execution setbacks or slower Atlas growth. Should you buy the dip in MongoDB stock

About MongoDB

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.

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