Scotiabank Has Positive Estimate for MongoDB FY2027 Earnings

Key Points

• Scotiabank upgraded MongoDB to "Sector Outperform," raising its FY2027 EPS estimate to $0.24 (from $0.17) and assigning a $310 price target.
• Q4 results beat expectations—MongoDB reported $1.65 EPS vs. $1.47 expected and revenue of $695.07M (up 26.8% year‑over‑year), with Atlas contributing about 72% of revenue.
• Despite the upbeat print and analyst upgrades, several firms trimmed price targets, management's FY2027 guidance still implies an operating loss, and recent insider sales have added to near‑term volatility.

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Equities research analysts at Scotiabank increased their FY2027 earnings estimates for MongoDB in a research report issued to clients and investors on Thursday, March 5th. Scotiabank analyst P. Colville now anticipates that the company will earn $0.24 per share for the year, up from their previous forecast of $0.17. Scotiabank has a "Sector Outperform" rating and a $310.00 price target on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS.

MDB has been the subject of several other research reports. Citizens Jmp raised their target price on MongoDB from $435.00 to $475.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald reduced their price objective on shares of MongoDB from $454.00 to $378.00 and set an "overweight" rating for the company in a research report on Tuesday. BMO Capital Markets reiterated an "outperform" rating and issued a $340.00 target price (down from $400.00) on shares of MongoDB in a report on Tuesday. Royal Bank Of Canada reduced their target price on shares of MongoDB from $500.00 to $395.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Monness Crespi & Hardt decreased their price target on shares of MongoDB from $475.00 to $370.00 and set a "buy" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $354.18.

MongoDB Price Performance

MDB opened at $263.93 on Friday. MongoDB has a 1-year low of $140.78 and a 1-year high of $444.72. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of -299.92, a price-to-earnings-growth ratio of 1,462.32 and a beta of 1.40. The business has a 50 day moving average price of $372.37 and a two-hundred day moving average price of $350.67.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company's stock, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,504 shares of company stock worth $13,389,622 in the last 90 days. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company's stock worth $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company's stock worth $743,000 after acquiring an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MongoDB during the 2nd quarter valued at about $329,000. Bank of New York Mellon Corp raised its stake in shares of MongoDB by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 695,624 shares of the company's stock valued at $146,074,000 after acquiring an additional 30,246 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in MongoDB by 33.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 492 shares of the company's stock worth $103,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Scotiabank upgraded MongoDB to Sector Outperform, raised its FY2027 EPS view (to $0.24) and set a $310 target — a clear bullish signal that helped lift the stock. Read More.
• Positive Sentiment: Product-led catalyst: MongoDB expanded AI capabilities in Atlas (new embedding models, vector search tools and APIs) — this strengthens the growth narrative as customers build more AI apps on the platform. Read More.
• Positive Sentiment: Recent Q4 results beat estimates with strong revenue growth and Atlas contributing ~72% of revenue, supporting the company’s long‑term cloud growth story. Read More.
• Neutral Sentiment: Unusually large options activity (big increases in both calls and puts) indicates elevated short‑term trading and hedging interest rather than a directional consensus.
• Neutral Sentiment: Investor outreach: management presented at the Morgan Stanley TMT conference (transcript available), providing additional visibility into strategy and execution but no new financials. Read More.
• Negative Sentiment: Widespread analyst revisions: several firms trimmed price targets or issued cautious notes over the past 48 hours, creating downward pressure and contributing to recent volatility. Read More.
• Negative Sentiment: Guidance/leadership concerns: management’s FY2027 guidance still implies an operating loss and the company announced go‑to‑market leadership changes — items that weighed on sentiment after the earnings release. Read More.

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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