Monness Crespi & Hardt Raises MongoDB (NASDAQ:MDB) Price Target to $415.00

Key Points

• Monness Crespi & Hardt raised its price target on MongoDB to $415 from $370 and kept a buy rating, implying about 27% upside from the current share price.
• MongoDB also received mixed but generally positive analyst activity: Morgan Stanley boosted its target to $380, while the broader analyst consensus remains Moderate Buy with an average target price of $378.17.
• The company recently beat fiscal Q1 estimates, posting $1.32 EPS and $687.6 million in revenue, and it raised fiscal 2027 guidance; Atlas revenue growth and AI-related demand were highlighted as key drivers.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective boosted by investment analysts at Monness Crespi & Hardt from $370.00 to $415.00 in a note issued to investors on Friday. The brokerage currently has a "buy" rating on the stock. Monness Crespi & Hardt's target price indicates a potential upside of 27.43% from the stock's current price.

A number of other analysts have also issued reports on MDB. Morgan Stanley reaffirmed an "overweight" rating and set a $380.00 target price (up from $335.00) on shares of MongoDB in a research report on Friday. Truist Financial dropped their target price on MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Zacks Research raised MongoDB from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. BMO Capital Markets lifted their target price on MongoDB from $285.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus dropped their target price on MongoDB from $450.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $378.17.

MongoDB Stock Performance

MDB stock opened at $325.68 on Friday. MongoDB has a 1 year low of $182.43 and a 1 year high of $444.72. The firm has a market cap of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48. The stock has a 50-day simple moving average of $272.10 and a 200-day simple moving average of $333.73.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period in the previous year, the company earned $1.00 earnings per share. The company's revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts predict that MongoDB will post -0.46 EPS for the current year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares of the company's stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,566 shares of company stock valued at $8,744,791. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MDB. ValueAct Holdings L.P. grew its position in shares of MongoDB by 206.8% in the 3rd 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 in the last quarter. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at approximately $574,821,000. AQR Capital Management LLC grew its holdings in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after purchasing an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company's stock valued at $427,871,000 after purchasing an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of MongoDB by 162.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company's stock valued at $340,505,000 after purchasing an additional 678,746 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

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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