Oppenheimer Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

Key Points

• Oppenheimer raised its price target on MongoDB from $375 to $410 and kept an outperform rating, implying about 25.9% upside from the prior close.
• MongoDB recently beat quarterly expectations, reporting adjusted EPS of $1.32 and revenue of $687.6 million, with revenue up 25.2% year over year.
• The company also raised guidance for fiscal 2027, and analysts overall remain constructive, with a consensus rating of Moderate Buy and an average price target of $381.83.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price lifted by research analysts at Oppenheimer from $375.00 to $410.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's price objective suggests a potential upside of 25.89% from the company's previous close.

Several other analysts also recently commented on the stock. Robert W. Baird raised their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 20th. Morgan Stanley raised their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an "overweight" rating in a research report on Friday. Macquarie Infrastructure reaffirmed a "neutral" rating and set a $315.00 price objective on shares of MongoDB in a research report on Friday. The Goldman Sachs Group reduced their price objective on shares of MongoDB from $475.00 to $320.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus reduced their price objective on shares of MongoDB from $450.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $381.83.

MongoDB Stock Up 10.6%

Shares of MDB stock opened at $325.68 on Friday. The company has a market cap of $26.17 billion, a price-to-earnings ratio of -370.09 and a beta of 1.48. MongoDB has a 52 week low of $182.43 and a 52 week high of $444.72. The firm has a 50 day moving average of $272.10 and a 200-day moving average of $333.73.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS 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 2.89% and a negative return on equity of 1.03%. The company's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last 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 anticipate that MongoDB will post -0.46 earnings per share for the current year.

Insider Buying and Selling at MongoDB

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

Institutional Trading of MongoDB

Hedge funds have recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC raised its stake in MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company's stock valued at $17,938,000 after acquiring an additional 52,002 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in MongoDB by 1,277.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company's stock valued at $5,655,000 after acquiring an additional 16,896 shares during the period. Penserra Capital Management LLC raised its stake in MongoDB by 42.1% in the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company's stock valued at $41,910,000 after acquiring an additional 39,978 shares during the period. Kinetic Partners Management LP raised its stake in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company's stock valued at $60,763,000 after acquiring an additional 41,810 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company's stock valued at $148,872,000 after acquiring an additional 189,820 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Key Stories Impacting MongoDB

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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