MongoDB (NASDAQ:MDB) Given New $375.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets raised its price target on MongoDB to $375 from $360 and kept an outperform rating, implying about 15% upside from the current share price.
• MongoDB recently reported a strong quarter, with EPS of $1.32 beating estimates and revenue of $687.6 million topping expectations, while sales rose about 25% year over year.
• The company also lifted its FY 2027 and Q2 2027 guidance, and analysts broadly remain constructive, with the stock carrying an average rating of Moderate Buy and an average target price of $378.17.

MongoDB (NASDAQ:MDB - Get Free Report) had its price target boosted by analysts at BMO Capital Markets from $360.00 to $375.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 15.14% from the company's current price.

A number of other brokerages also recently issued reports on MDB. Piper Sandler cut their price target on MongoDB from $490.00 to $330.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Barclays decreased their price target on shares of MongoDB from $440.00 to $370.00 and set an "overweight" rating for the company in a research report on Tuesday, March 3rd. Truist Financial decreased their price target on shares of MongoDB from $500.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Citigroup reissued a "market outperform" rating on shares of MongoDB in a research report on Friday. Finally, Wall Street Zen lowered shares of MongoDB from a "buy" rating to a "hold" rating in a research report on Saturday, April 18th. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $378.17.

MongoDB Stock Up 10.6%

MDB opened at $325.68 on Friday. The stock's fifty day moving average is $272.10 and its two-hundred day moving average is $333.73. The company has a market capitalization of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48. MongoDB has a 52 week low of $182.43 and a 52 week high of $444.72.

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

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company's stock, valued at approximately $148,322,822.08. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is currently owned by insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company's stock valued at $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of MongoDB by 55.0% in the 1st 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 during the period. Sivia Capital Partners LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at about $329,000. Cresset Asset Management LLC lifted its holdings in shares of MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company's stock valued at $659,000 after buying an additional 370 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company's stock valued at $2,565,000 after buying an additional 2,697 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

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.

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