MongoDB (NASDAQ:MDB) Price Target Raised to $315.00 at BMO Capital Markets

Key Points

• BMO Capital Markets has raised its price target for MongoDB from $280.00 to $315.00, suggesting a potential upside of 46.96% from the stock's previous close.
• MongoDB reported quarterly earnings of $1.00 EPS, exceeding expectations of $0.65, with a revenue of $549.01 million, marking a 21.8% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for MongoDB, with a consensus price target of $292.74.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price increased by equities researchers at BMO Capital Markets from $280.00 to $315.00 in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 46.96% from the company's previous close.

Several other research firms have also recently commented on MDB. JMP Securities reissued a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. DA Davidson reissued a "buy" rating and issued a $275.00 price target on shares of MongoDB in a report on Thursday, June 5th. Bank of America raised their price target on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Guggenheim reissued a "buy" rating and issued a $260.00 price target on shares of MongoDB in a report on Thursday, August 14th. Finally, Wedbush reaffirmed an "outperform" rating and set a $300.00 price objective on shares of MongoDB in a report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $292.74.

MongoDB Trading Down 1.9%

MongoDB stock opened at $214.34 on Wednesday. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a 50 day moving average of $216.53 and a two-hundred day moving average of $206.25. The stock has a market capitalization of $17.51 billion, a price-to-earnings 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 the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Equities analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the sale, the director owned 1,104,316 shares of the company's stock, valued at $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares of the company's stock, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock valued at $11,936,656 over the last quarter. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the company. 111 Capital acquired a new position in shares of MongoDB during the fourth quarter worth about $390,000. Park Avenue Securities LLC lifted its stake in shares of MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after purchasing an additional 907 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after purchasing an additional 298 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of MongoDB during the first quarter worth about $263,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

About MongoDB

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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