UBS Group Lowers MongoDB (NASDAQ:MDB) Price Target to $410.00

Key Points

• UBS lowered MongoDB’s price target to $410 from $460 and maintained a “neutral” rating, implying about 9% upside from the $376 share price. Wall Street remains more optimistic overall, with a “Moderate Buy” consensus and average target of $464.
• MongoDB reported a quarterly earnings beat, with revenue of $771.8 million, up 30.5% year over year, and adjusted EPS of $1.90 versus the $1.62 consensus estimate. Management also raised fiscal 2027 revenue and EPS guidance.
• Despite the strong results, the stock fell 13.4% as investors were disappointed that Atlas growth remained around 29% rather than accelerating more sharply on AI demand; elevated infrastructure costs and MongoDB’s high valuation added pressure.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective decreased by UBS Group from $460.00 to $410.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 9.04% from the company's current price.

Several other research analysts also recently weighed in on the company. Tigress Financial increased their price target on MongoDB from $430.00 to $515.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. DA Davidson reiterated a "buy" rating and issued a $465.00 price target on shares of MongoDB in a research report on Wednesday. Robert W. Baird boosted their price objective on MongoDB from $335.00 to $400.00 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. Guggenheim reissued a "buy" rating and set a $560.00 price objective on shares of MongoDB in a report on Wednesday. Finally, Truist Financial raised their target price on MongoDB from $400.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $464.00.

MongoDB Stock Down 13.4%

MDB traded down $58.21 during trading on Wednesday, hitting $376.00. 2,052,178 shares of the company traded hands, compared to its average volume of 1,861,803. MongoDB has a one year low of $215.68 and a one year high of $473.10. The stock's fifty day moving average is $369.91 and its 200 day moving average is $322.27. The firm has a market cap of $30.24 billion, a P/E ratio of -1,020.53, a price-to-earnings-growth ratio of 3,220.66 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business 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 firm posted $1.00 earnings per share. The company's revenue for the quarter 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 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dev Ittycheria sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the firm'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 $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 sold a total of 80,696 shares of company stock worth $31,425,055 over the last three months. Company insiders own 2.60% of the company's stock.

Institutional Trading of MongoDB

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in MongoDB by 32,986.4% during the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company's stock valued at $13,277,581,000 after purchasing an additional 39,408,906 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company's stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp boosted its holdings in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company's stock worth $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi increased its position in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company's stock valued at $477,550,000 after purchasing 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 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company's stock valued at $604,429,000 after purchasing an additional 9,693 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB News Roundup

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source