MongoDB (NASDAQ:MDB) Price Target Raised to $325.00 at Needham & Company LLC

Key Points

• Needham & Company LLC has raised MongoDB's price target from $270.00 to $325.00, suggesting a potential upside of 51.63% from the current stock price.
• For the quarter, MongoDB reported earnings per share of $1.00, exceeding estimates of $0.65, with revenue of $549.01 million, up 21.8% year-over-year.
• MongoDB has received a variety of ratings from analysts, with the average recommendation being a Moderate Buy and a consensus price target of $292.74.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective hoisted by research analysts at Needham & Company LLC from $270.00 to $325.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective would suggest a potential upside of 51.63% from the stock's current price.

Several other analysts have also recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Scotiabank raised their price objective on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Macquarie reaffirmed a "neutral" rating and set a $230.00 target price (up previously from $215.00) on shares of MongoDB in a report on Friday, June 6th. Barclays reaffirmed an "overweight" rating on shares of MongoDB in a report on Wednesday. Finally, Stephens started coverage on shares of MongoDB in a report on Friday, July 18th. They set an "equal weight" rating and a $247.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $292.74.

MongoDB Price Performance

NASDAQ MDB opened at $214.34 on Wednesday. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market capitalization of $17.51 billion, a PE ratio of -188.02 and a beta of 1.44. The company's 50 day simple moving average is $216.53 and its two-hundred day simple moving average is $206.25.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, research analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MASTERINVEST Kapitalanlage GmbH bought a new stake in MongoDB during the 2nd quarter valued at $1,727,000. Promus Capital LLC bought a new stake in MongoDB during the 2nd quarter valued at $36,000. Marex Group plc bought a new stake in MongoDB during the 2nd quarter valued at $232,000. State of Wyoming raised its holdings in MongoDB by 82.1% during the 2nd quarter. State of Wyoming now owns 641 shares of the company's stock valued at $135,000 after acquiring an additional 289 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in MongoDB by 79.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $46,000 after acquiring an additional 98 shares during the period. 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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