MongoDB (NASDAQ:MDB) Price Target Raised to $400.00 at Mizuho

Key Points

• Mizuho raised MongoDB’s price target from $325 to $400 and kept an outperform rating, implying about 22.8% upside from the current share price.
• MongoDB’s latest quarterly results beat expectations, with EPS of $1.32 versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, as sales rose 25.2% year over year.
• Analyst sentiment remains broadly positive overall, with 26 Buy ratings and a consensus target of $380.67, even though some firms have mixed views and MongoDB insiders have recently sold shares.

MongoDB (NASDAQ:MDB - Get Free Report) had its price target raised by research analysts at Mizuho from $325.00 to $400.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 22.82% from the company's current price.

MDB has been the subject of several other research reports. Barclays dropped their price target on shares of MongoDB from $440.00 to $370.00 and set an "overweight" rating for the company in a research note on Tuesday, March 3rd. Robert W. Baird raised their price target on shares of MongoDB from $260.00 to $335.00 and gave the company a "neutral" rating in a research note on Wednesday, May 20th. Needham & Company LLC raised their price target on shares of MongoDB from $300.00 to $400.00 and gave the company an "underperform" rating in a research note on Friday. Morgan Stanley raised their price target on shares of MongoDB from $335.00 to $380.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Macquarie Infrastructure reissued a "neutral" rating and set a $315.00 target price on shares of MongoDB in a research note on Friday. Twenty-six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $380.67.

MongoDB Stock Performance

MDB stock opened at $325.68 on Friday. The company has a fifty day moving average price of $272.10 and a 200-day moving average price of $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 released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, sell-side analysts forecast that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, May 18th. The shares were 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 directly owned 470,896 shares of the company's stock, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,566 shares of company stock valued at $8,744,791. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB in the fourth quarter valued at $28,000. Huntington National Bank increased its stake in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company's stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB in the fourth quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in MongoDB in the first quarter valued at $34,000. 89.29% of the stock is owned by institutional investors.

Trending Headlines about MongoDB

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

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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