MongoDB (NASDAQ:MDB) Price Target Raised to $520.00

MongoDB (NASDAQ:MDB) had its price target boosted by equities researchers at The Goldman Sachs Group from $453.00 to $520.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 36.97% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Barclays upped their target price on MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings upgraded MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Stifel Nicolaus decreased their target price on MongoDB from $475.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price target on shares of MongoDB from $515.00 to $465.00 and set an “outperform” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $469.71.

MongoDB Stock Performance

Shares of MongoDB stock traded down $54.55 on Wednesday, reaching $379.66. 5,295,260 shares of the company’s stock were exchanged, compared to its average volume of 1,883,307. The company has a market capitalization of $30.54 billion, a P/E ratio of -1,026.54, a price-to-earnings-growth ratio of 3,220.66 and a beta of 1.58. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The firm’s 50-day moving average is $369.91 and its two-hundred day moving average is $322.27.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts expect that MongoDB will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director directly owned 25,444 shares in the company, valued at $8,754,008.20. This represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,696 shares of company stock valued at $31,425,055 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MongoDB during the second quarter worth about $34,000. NBH Bank purchased a new stake in shares of MongoDB during the second quarter worth about $34,000. Finally, CX Institutional grew its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30.5% year over year, while adjusted EPS of $1.90 exceeded the roughly $1.62 consensus estimate. Atlas revenue increased about 29%, and Enterprise Advanced and other revenue rose approximately 36%. MongoDB fiscal Q2 financial results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting approximately $2.99 billion to $3.03 billion in revenue and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also came in above analyst expectations, supported by continued Atlas demand. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: The earnings call highlighted growing adoption of MongoDB’s platform for artificial-intelligence workloads, along with strength in enterprise customers and operational use cases. Several analysts maintained bullish ratings, with price targets ranging from $430 to $560, although targets were mixed. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst reaction was divided: Barclays and Mizuho raised their targets, while UBS, BMO and RBC lowered theirs. UBS moved to a neutral rating, reflecting concern that expectations may have outpaced the company’s near-term growth outlook.
• Negative Sentiment: Investors appeared disappointed that Atlas growth remained near recent levels rather than accelerating significantly. Management reportedly indicated that a meaningful Atlas growth inflection could still be several quarters away. Why MongoDB stock is falling despite strong results
• Negative Sentiment: Forward expectations were also pressured by concerns about AI-related infrastructure costs, the sequential moderation implied by third-quarter guidance, and profit-taking after a substantial prior rally. These factors outweighed the otherwise strong quarter and raised outlook.

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.