MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, DA Davidson Analyst Says

Key Points

• DA Davidson has increased its price target for MongoDB from $275 to $325, indicating a potential upside of 51.63%, and maintains a "buy" rating on the stock.
• Multiple analysts have reiterated positive ratings for MongoDB, with targets ranging from $290 to $360, and a consensus rating of "Moderate Buy" with an average target price of $295.60.
• In its last quarterly earnings report, MongoDB reported earnings of $1.00 per share, surpassing estimates, and a revenue increase of 21.8% year-over-year.

MongoDB (NASDAQ:MDB - Get Free Report) had its price target lifted by equities researchers at DA Davidson from $275.00 to $325.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's target price suggests a potential upside of 51.63% from the stock's previous close.

Several other equities analysts have also commented on the company. William Blair reissued an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. BMO Capital Markets increased their target price on MongoDB from $280.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday. Wedbush reissued an "outperform" rating and issued a $300.00 target price on shares of MongoDB in a report on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and issued a $290.00 target price on shares of MongoDB in a report on Friday, August 22nd. Finally, Monness Crespi & Hardt increased their target price on MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $295.60.

MongoDB Trading Down 1.9%

Shares of NASDAQ MDB opened at $214.34 on Wednesday. The stock has a market cap of $17.51 billion, a P/E ratio of -188.02 and a beta of 1.44. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00. The business's fifty day simple moving average is $216.53 and its 200-day simple moving average is $206.25.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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 return on equity of 3.16% and a negative net margin of 4.09%.The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, equities analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,416 shares of company stock worth $11,936,656. Corporate insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new stake in MongoDB in the 1st quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in MongoDB in the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. boosted its holdings in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in MongoDB in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

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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