MongoDB (NASDAQ:MDB) Price Target Cut to $435.00 by Analysts at Citigroup

MongoDB (NASDAQ:MDB) had its target price reduced by investment analysts at Citigroup from $525.00 to $435.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 37.73% from the company’s previous close.

A number of other analysts have also recently commented on MDB. Raymond James Financial assumed coverage on MongoDB in a research report on Monday, December 15th. They set a “market perform” rating for the company. Wells Fargo & Company upped their target price on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Stifel Nicolaus boosted their target price on MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.24.

MongoDB Stock Performance

Shares of MDB traded up $10.46 on Tuesday, hitting $315.83. 1,393,148 shares of the stock traded hands, compared to its average volume of 1,588,301. The company has a market capitalization of $25.71 billion, a PE ratio of -363.45 and a beta of 1.38. The business has a 50 day simple moving average of $393.46 and a 200 day simple moving average of $347.63. MongoDB has a one year low of $140.78 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, equities analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,353 shares of company stock worth $25,440,798 in the last ninety days. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its holdings in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB in the 4th quarter valued at $28,000. Huntington National Bank boosted its stake in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the period. International Assets Investment Management LLC acquired a new stake in MongoDB in the 4th quarter valued at approximately $33,000. Finally, Montag A & Associates Inc. grew its position in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Institutional interest — Artisan Mid Cap Fund highlighted confidence in MongoDB’s Atlas cloud franchise, signaling continued investor conviction in the company’s long-term growth runway. Read More.
• Positive Sentiment: Analyst bullishness — RBC reiterated an Outperform rating with a $500 price target and singled out MongoDB as well-positioned for GenAI-driven application development, which supports upside expectations into earnings. Read More.
• Positive Sentiment: Earnings setup looks constructive — Analysts (Zacks) highlight that MongoDB has the mix of revenue and margin dynamics that could lead to an earnings beat in the upcoming quarter, a near-term catalyst for the stock. Read More.
• Positive Sentiment: Street tone is favorable — Brokerages’ consensus recommendation is “Moderate Buy,” which adds to the supportive analyst backdrop ahead of results. Read More.
• Neutral Sentiment: Earnings timing — Reminder that MongoDB is scheduled to report quarterly results soon; that event is likely to amplify volatility and should be watched closely for guidance and subscription trends. Read More.
• Neutral Sentiment: Market reassessment pieces — Recent commentary asks whether the recent pullback changes MongoDB’s long-term value story; these analyses highlight both upside from Atlas/AI and risks tied to macro and valuation. Read More.
• Negative Sentiment: Macro shock — The White House’s plan to raise global tariffs to 15% triggered a sharp intraday sell-off (shares plunged double digits on the announcement), a clear near-term negative catalyst for sentiment-sensitive growth stocks. Read More.
• Negative Sentiment: Short-term price pressure — Coverage of the recent decline (reports of >11% falls on recent sessions) reinforces that momentum and headline risk have pressured the stock ahead of earnings. 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.