MongoDB (NASDAQ:MDB) Given New $387.00 Price Target at Barclays

Key Points

• Barclays raised its price target on MongoDB from $370 to $387 and maintained an overweight rating, implying about 25.9% upside from the stock’s current price.
• MongoDB reported better-than-expected first-quarter fiscal 2027 results, with EPS of $1.32 and revenue of $687.6 million, both ahead of analyst estimates. Revenue rose about 25% year over year, and the company also lifted its full-year and second-quarter guidance.
• Analyst sentiment remains broadly positive, with 27 Buy ratings versus seven Hold and one Sell. The consensus price target now sits at $383.23, reflecting continued optimism despite some recent stock volatility.

MongoDB (NASDAQ:MDB - Get Free Report) had its price target upped by Barclays from $370.00 to $387.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 25.92% from the company's current price.

A number of other research analysts have also recently issued reports on the company. Monness Crespi & Hardt boosted their target price on MongoDB from $370.00 to $415.00 and gave the company a "buy" rating in a research note on Friday. Sanford C. Bernstein lowered MongoDB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 3rd. Truist Financial cut their price objective on MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Zacks Research raised MongoDB from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $383.23.

MongoDB Stock Down 5.6%

NASDAQ MDB traded down $18.34 during trading on Friday, reaching $307.34. 3,390,418 shares of the stock traded hands, compared to its average volume of 1,925,406. MongoDB has a fifty-two week low of $182.43 and a fifty-two week high of $444.72. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of -351.87 and a beta of 1.48. The stock's 50-day moving average price is $272.10 and its 200 day moving average price is $333.73.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. During the same period last year, the firm posted $1.00 earnings per share. The business's quarterly 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. Analysts anticipate that MongoDB will post -0.46 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred 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 sale, the director owned 24,093 shares of the company's stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director directly owned 993,316 shares of the company's stock, valued at approximately $295,998,234.84. This trade represents a 1.00% 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. Over the last quarter, insiders have sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the 4th quarter valued at about $28,000. Huntington National Bank grew its holdings in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company's stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at about $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in MongoDB during the first quarter worth about $34,000. Institutional investors own 89.29% of the company's stock.

Key MongoDB News

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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