Bank of America Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

Key Points

• Bank of America raised its price target on MongoDB from $375 to $390, implying about 19.75% upside from the prior close.
• MongoDB’s latest quarterly results beat expectations, with EPS of $1.32 and revenue of $687.6 million, while revenue jumped 25.2% year over year. The company also lifted its full-year and Q2 guidance.
• Analyst sentiment remains broadly positive: 27 analysts rate the stock a Buy, and the consensus price target is $382.67.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price hoisted by stock analysts at Bank of America from $375.00 to $390.00 in a report released on Friday,MarketScreener reports. Bank of America's price objective indicates a potential upside of 19.75% from the stock's previous close.

MDB has been the topic of a number of other research reports. DA Davidson decreased their price target on shares of MongoDB from $465.00 to $385.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. BMO Capital Markets raised their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday. Wedbush reduced their price objective on MongoDB from $440.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, March 3rd. Stifel Nicolaus decreased their target price on MongoDB from $450.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Finally, Zacks Research raised MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $382.67.

MongoDB Price Performance

Shares of MongoDB stock opened at $325.68 on Friday. The business has a fifty day simple moving average of $272.10 and a two-hundred day simple moving average of $333.73. MongoDB has a 1 year low of $182.43 and a 1 year high of $444.72. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of -370.09 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The firm had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company's quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts anticipate that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the transaction, the director owned 470,896 shares in the company, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company's stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,566 shares of company stock valued at $8,744,791 over the last 90 days. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Integrated Wealth Concepts LLC increased its position in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company's stock worth $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its position in MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company's stock valued at $743,000 after buying an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MongoDB during the second quarter worth $329,000. Cresset Asset Management LLC increased its holdings in shares of MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company's stock worth $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company's stock worth $2,565,000 after buying an additional 2,697 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported first-quarter fiscal 2027 results that beat expectations, with revenue up about 25% year over year to $687.6 million and EPS of $1.32 topping estimates. The company also raised full-year and Q2 guidance well above Wall Street forecasts, which is supporting bullish sentiment. MongoDB Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with Oppenheimer, Mizuho, Monness Crespi & Hardt, BMO Capital Markets, Cantor Fitzgerald, and Canaccord all raising price targets and maintaining buy/outperform-style ratings. The new targets cluster around the low-$400s, implying meaningful upside from current levels. Analyst price target updates
• Neutral Sentiment: Several earnings-transcript articles are circulating as investors parse management’s comments on Atlas growth, AI demand, and the company’s outlook. These discussions are helping traders gauge whether growth is becoming more predictable, but they are not a separate catalyst on their own. MongoDB Q1 2027 Earnings Call Transcript
• Negative Sentiment: Some commentary noted that investors worried the company’s remarks about Atlas growth becoming more predictable could signal a softer near-term growth trajectory, which may explain some intraday volatility even after the earnings beat. Why MDB Stock Is Up Overnight After Wild Ride Today

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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