MongoDB (NASDAQ:MDB) Price Target Raised to $455.00 at Citigroup

Key Points

• Citigroup raised its price target on MongoDB to $455 from $450 and kept a buy rating, implying about 43.78% upside from the current share price.
• MongoDB recently reported better-than-expected quarterly results, with EPS of $1.32 and revenue of $687.62 million, both above estimates. Revenue also rose 25.2% year over year, and management raised guidance.
• Wall Street sentiment remains broadly positive: 27 analysts rate the stock a Buy, and the consensus target price is $388.43. However, the stock has been volatile, and some insiders have sold shares in recent months.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price lifted by equities research analysts at Citigroup from $450.00 to $455.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 43.78% from the company's current price.

Several other analysts have also recently issued reports on MDB. DA Davidson cut their target price on MongoDB from $465.00 to $385.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Bank of America reaffirmed a "buy" rating on shares of MongoDB in a research report on Friday. Canaccord Genuity Group lifted their price objective on MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday. Zacks Research upgraded shares of MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Finally, Monness Crespi & Hardt increased their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday. Twenty-seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $388.43.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $9.22 during midday trading on Friday, reaching $316.46. The company's stock had a trading volume of 6,477,977 shares, compared to its average volume of 1,964,462. The firm has a 50 day moving average price of $272.10 and a two-hundred day moving average price of $333.73. MongoDB has a fifty-two week low of $182.43 and a fifty-two week high of $444.72. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of -360.01 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.MongoDB's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts anticipate that MongoDB will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the business's 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 completion of the sale, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. The trade was 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 link. Also, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares in the company, valued at approximately $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,566 shares of company stock valued at $8,744,791 in the last 90 days. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in MDB. Integrated Wealth Concepts LLC grew its stake in shares of MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company's stock valued at $239,000 after buying an additional 327 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company's stock valued at $743,000 after buying an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MongoDB during the second quarter worth about $329,000. Cresset Asset Management LLC increased its holdings in shares of MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company's stock worth $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company's stock worth $2,565,000 after buying an additional 2,697 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 expectations on both earnings and revenue, with Atlas growth and AI-related demand driving the upside. MongoDB Reports Upbeat Q1 CY2026, Stock Jumps 22.1%
• Positive Sentiment: Management raised full-year guidance after the strong quarter, which signals confidence in sustained business momentum. MongoDB Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Multiple Wall Street firms lifted price targets and reiterated bullish ratings, including Citizens JMP, Scotiabank, Barclays, Guggenheim, Wedbush, Mizuho, BMO, Oppenheimer, and Bank of America. Analyst price target updates
• Neutral Sentiment: Investors are also digesting commentary that Atlas growth may become more predictable, which some traders viewed as a softer near-term tone despite the strong results. Why MDB Stock Is Up Overnight After Wild Ride Today
• Negative Sentiment: After an initial post-earnings surge, the stock gave back some gains as traders reassessed the outlook and volatility remained elevated. MongoDB goes bananas following strong outlook

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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