MongoDB (NASDAQ:MDB) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded MongoDB to “buy” from “hold,” adding to a generally bullish analyst backdrop. Across covering analysts, MongoDB now has 27 Buy ratings, seven Holds, and one Sell, with a consensus “Moderate Buy” and average target price of $390.43.
• MongoDB beat quarterly expectations with Q1 earnings of $1.32 per share versus $1.19 expected, and revenue of $687.6 million versus $664.5 million expected. Revenue rose 25.2% year over year, showing strong growth momentum.
• Management raised guidance for fiscal 2027, signaling confidence in continued business strength. The update, along with AI and Atlas cloud database demand, has helped support optimism around the stock.

MongoDB (NASDAQ:MDB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus set a $435.00 price objective on shares of MongoDB in a report on Friday. DA Davidson reissued a "buy" rating and set a $375.00 price objective on shares of MongoDB in a report on Friday. UBS Group increased their price objective on shares of MongoDB from $275.00 to $350.00 and gave the company a "neutral" rating in a report on Friday. Robert W. Baird increased their price objective on shares of MongoDB from $260.00 to $335.00 and gave the company a "neutral" rating in a report on Wednesday, May 20th. Finally, Guggenheim reissued a "buy" rating and set a $475.00 price objective on shares of MongoDB in a report on Friday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $390.43.

MongoDB Stock Performance

Shares of MongoDB stock opened at $335.55 on Friday. The company has a market capitalization of $26.97 billion, a P/E ratio of -906.89 and a beta of 1.48. The company has a fifty day moving average of $273.44 and a 200 day moving average of $333.74. MongoDB has a fifty-two week low of $182.43 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The company 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 1.12% and a negative return on equity of 1.39%. MongoDB's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts forecast that MongoDB will post -0.46 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares of the company's stock, valued at $148,322,822.08. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,566 shares of company stock worth $8,744,791 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company's stock worth $2,788,981,000 after purchasing an additional 431,382 shares during the period. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company's stock worth $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp increased its position in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company's stock worth $754,119,000 after acquiring an additional 40,219 shares during the period. Amundi increased its position in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company's stock worth $477,550,000 after acquiring an additional 563,995 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company's stock worth $604,429,000 after acquiring an additional 9,693 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

About MongoDB

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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