MongoDB (NASDAQ:MDB) Given New $390.00 Price Target at Wedbush

Key Points

• Wedbush raised MongoDB’s price target from $380 to $390 and kept an outperform rating, 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 rose 25.2% year over year. The company also lifted its full-year and Q2 guidance above Wall Street forecasts.
• Analyst sentiment remains broadly positive despite some mixed views, with several firms raising targets after earnings and the stock carrying a Moderate Buy consensus and average price target of $382.67.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price raised by research analysts at Wedbush from $380.00 to $390.00 in a report released on Friday,MarketScreener reports. The brokerage currently has an "outperform" rating on the stock. Wedbush's target price would indicate a potential upside of 19.75% from the company's previous close.

A number of other research firms also recently weighed in on MDB. Sanford C. Bernstein cut shares of MongoDB from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 3rd. UBS Group reaffirmed a "neutral" rating on shares of MongoDB in a report on Friday. Scotiabank upgraded shares of MongoDB from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $275.00 to $310.00 in a research note on Thursday, March 5th. Monness Crespi & Hardt lifted their price target on MongoDB from $370.00 to $415.00 and gave the stock a "buy" rating in a report on Friday. Finally, Truist Financial lowered their price target on MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $382.67.

MongoDB Stock Up 10.6%

MongoDB stock opened at $325.68 on Friday. MongoDB has a twelve month low of $182.43 and a twelve month high of $444.72. The company has a 50 day moving average of $272.10 and a 200-day moving average of $333.73. The stock has a market capitalization of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results 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 analysts' expectations of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. 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 EPS for the current fiscal year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company's stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 transaction of $2,979,900.00. Following the transaction, the director owned 993,316 shares of the company's stock, valued at approximately $295,998,234.84. This represents a 1.00% 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. In the last three months, insiders have sold 31,566 shares of company stock valued at $8,744,791. 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 MDB. Clark Financial Services Group Inc. BD raised its holdings in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock worth $702,000 after purchasing an additional 25 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after buying an additional 32 shares in the last quarter. True Wealth Design LLC grew its position in shares of MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company's stock worth $176,000 after buying an additional 36 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in shares of MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company's stock worth $626,000 after acquiring an additional 36 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company's stock worth $458,000 after acquiring an additional 36 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

More 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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