Cantor Fitzgerald Increases MongoDB (NASDAQ:MDB) Price Target to $312.00

Key Points

• Cantor Fitzgerald has raised its price target for MongoDB (NASDAQ:MDB) from $271.00 to $312.00, suggesting a potential upside of 45.56% from the current stock price.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $298.34, with significant buy ratings from multiple analysts.
• MongoDB's recent quarterly earnings showed a revenue increase of 21.8% year-over-year, beating analyst expectations with reported revenue of $549.01 million.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective boosted by stock analysts at Cantor Fitzgerald from $271.00 to $312.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective points to a potential upside of 45.56% from the company's current price.

Other research analysts have also issued reports about the stock. Citigroup upped their price objective on shares of MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Monday, August 18th. JMP Securities reaffirmed a "market outperform" rating and issued a $345.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Guggenheim reaffirmed a "buy" rating and issued a $260.00 target price on shares of MongoDB in a research report on Thursday, August 14th. Royal Bank Of Canada upped their target price on shares of MongoDB from $320.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Zacks Research raised shares of MongoDB to a "hold" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $298.34.

MongoDB Stock Down 1.9%

NASDAQ:MDB opened at $214.34 on Wednesday. The company has a fifty day moving average of $216.53 and a 200 day moving average of $206.25. MongoDB has a 52 week low of $140.78 and a 52 week high of $370.00. The firm has a market capitalization of $17.51 billion, a P/E ratio of -188.02 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the business posted $0.51 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director owned 1,104,316 shares of the company's stock, valued at $270,557,420. This trade represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently made changes to their positions in MDB. Northern Trust Corp lifted its stake in shares of MongoDB by 6.4% in the 4th quarter. Northern Trust Corp now owns 468,010 shares of the company's stock worth $108,957,000 after purchasing an additional 27,981 shares during the period. Lido Advisors LLC lifted its stake in shares of MongoDB by 74.8% in the 4th quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock worth $281,000 after purchasing an additional 517 shares during the period. AQR Capital Management LLC lifted its stake in shares of MongoDB by 92.1% in the 4th quarter. AQR Capital Management LLC now owns 37,126 shares of the company's stock worth $8,643,000 after purchasing an additional 17,802 shares during the period. Utah Retirement Systems lifted its stake in shares of MongoDB by 1.7% in the 4th quarter. Utah Retirement Systems now owns 11,840 shares of the company's stock worth $2,756,000 after purchasing an additional 200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of MongoDB by 196.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company's stock worth $10,268,000 after purchasing an additional 29,203 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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