The Goldman Sachs Group Cuts MongoDB (NASDAQ:MDB) Price Target to $320.00

MongoDB (NASDAQ:MDB) had its target price cut by The Goldman Sachs Group from $475.00 to $320.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on MDB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Monday, March 2nd. Zacks Research lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. DA Davidson cut their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald reduced their price target on MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $354.18.

MongoDB Stock Up 2.5%

Shares of MDB opened at $270.47 on Wednesday. The company has a market cap of $22.01 billion, a PE ratio of -307.35, a P/E/G ratio of 393.66 and a beta of 1.40. The business has a fifty day moving average of $369.06 and a 200 day moving average of $350.98. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period in the previous year, the firm earned $1.28 earnings per share. MongoDB’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, research analysts anticipate that MongoDB will post -1.78 earnings per share 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 company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director directly owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,504 shares of company stock valued at $13,389,622 in the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in MongoDB during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its position in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the 4th quarter worth $33,000. Root Financial Partners LLC increased 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 buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of MongoDB during the fourth quarter valued at $38,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Scotiabank upgraded MDB to “Sector Outperform”, raised its price target and boosted its FY2027 EPS forecast — a near‑term driver of buying interest. Scotiabank upgrades MongoDB (MDB)
• Positive Sentiment: MongoDB expanded AI capabilities in Atlas (new embedding models, vector search and APIs) — product progress that supports the long‑term growth thesis as customers build AI apps on Atlas. MongoDB Expands AI Capabilities: Is the Growth Thesis Strengthening?
• Positive Sentiment: Q4 results topped revenue and EPS expectations with Atlas contributing the bulk of revenue and 27% revenue growth year‑over‑year — supporting the company’s execution story despite mixed forward commentary. Should You Buy, Sell or Hold MongoDB Stock Post Q4 Earnings?
• Neutral Sentiment: Unusually large options volume (big buys of both calls and puts) indicates heightened short‑term speculative activity and hedging — adds volatility risk but not a directional signal on fundamentals.
• Negative Sentiment: Multiple sell‑side firms trimmed price targets in the last 24–36 hours (examples: Mizuho, UBS, Goldman, Piper Sandler and others), signaling reduced near‑term upside expectations from analysts. Mizuho Cuts MongoDB (NASDAQ:MDB) Price Target to $290.00 UBS Group Lowers MongoDB (NASDAQ:MDB) Price Target to $275.00
• Negative Sentiment: Management’s FY2027 guidance still implies operating losses and a slower recovery path; that guidance triggered a sharp selloff earlier and keeps upside contingent on faster margin improvement or stronger revenue acceleration. Why MongoDB (MDB) Is Down 19.1% After Mixed 2026 Results And Loss‑Heavy 2027 Guidance

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.