MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus has raised its price target for MongoDB (NASDAQ:MDB) from $275.00 to $325.00, indicating a potential upside of 51.63% from the current stock price.
• MongoDB recently reported a quarterly earnings of $1.00 EPS, exceeding analysts' expectations of $0.65, alongside a revenue of $549.01 million, which is a 21.8% year-over-year increase.
• The company's average rating among analysts sits at "Moderate Buy" with a consensus price target of $299.77, supported by the majority of analysts rating it either "Buy" or "Outperform".

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective raised by research analysts at Stifel Nicolaus from $275.00 to $325.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 51.63% from the company's current price.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada upped their target price on MongoDB from $320.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday. Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price objective on the stock. Cantor Fitzgerald increased their price target on MongoDB from $271.00 to $312.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Wedbush reiterated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $299.77.

MongoDB Price Performance

Shares of MDB stock opened at $214.34 on Wednesday. The business's 50 day simple moving average is $216.53 and its 200 day simple moving average is $206.25. MongoDB has a one year low of $140.78 and a one year high of $370.00. The stock has a market capitalization of $17.51 billion, a PE ratio of -188.02 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the firm posted $0.51 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer owned 236,557 shares in the company, valued at $57,693,886.73. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock worth $11,936,656 in the last ninety days. Company insiders own 3.10% of the company's stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cloud Capital Management LLC bought a new stake in MongoDB during the 1st quarter valued at $25,000. Hollencrest Capital Management bought a new stake in shares of MongoDB during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its stake in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 120 shares during the period. Montag A & Associates Inc. boosted its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock worth $36,000 after purchasing an additional 101 shares during the period. Finally, Promus Capital LLC purchased a new position in MongoDB during the 2nd quarter valued at about $36,000. Institutional investors own 89.29% of the company's stock.

About MongoDB

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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