MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has increased its target price for MongoDB (NASDAQ:MDB) from $320.00 to $350.00, indicating a potential upside of 63.29% based on the stock's previous close.
• MongoDB's latest quarterly earnings report showed a 21.8% year-over-year revenue increase, with an EPS of $1.00 surpassing consensus estimates.
• MongoDB has a consensus rating of "Moderate Buy" with institutional investors holding 89.29% of the company's stock.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price increased by research analysts at Royal Bank Of Canada from $320.00 to $350.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 63.29% from the stock's previous close.

MDB has been the topic of a number of other reports. Scotiabank boosted their price objective on MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Barclays restated an "overweight" rating on shares of MongoDB in a research report on Wednesday. Stephens assumed coverage on MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price objective on the stock. Zacks Research upgraded MongoDB to a "hold" rating in a research report on Friday, August 8th. Finally, William Blair reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $292.74.

MongoDB Stock Down 1.9%

Shares of NASDAQ MDB opened at $214.34 on Wednesday. The business's 50 day moving average is $216.53 and its two-hundred day moving average is $206.25. The company 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.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business 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. Sell-side analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director owned 1,107,006 shares of the company's stock, valued at approximately $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of 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 quarter, insiders have sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the first quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the first quarter valued at $26,000. Cullen Frost Bankers Inc. lifted its stake in shares of MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after acquiring an additional 120 shares during the period. Montag A & Associates Inc. lifted its stake in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock valued at $36,000 after acquiring an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of MongoDB during the second quarter valued at $36,000. Institutional investors and hedge funds 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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