MongoDB (NASDAQ:MDB) Price Target Raised to $540.00

MongoDB (NASDAQ:MDB) had its price objective upped by Cantor Fitzgerald from $416.00 to $540.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

MDB has been the subject of several other research reports. Truist Financial increased their target price on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Robert W. Baird lifted their price target on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Rosenblatt Securities reiterated a “buy” rating and set a $385.00 price target on shares of MongoDB in a report on Tuesday, May 26th. Needham & Company LLC upped their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Bank of America increased their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Price Performance

MongoDB stock opened at $375.40 on Monday. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of 528.73, a P/E/G ratio of 2,412.28 and a beta of 1.58. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The firm has a fifty day moving average price of $371.38 and a two-hundred day moving average price of $322.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.07% and a net margin of 2.12%.The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts expect that MongoDB will post 0.01 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 40,696 shares of company stock worth $16,098,655. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of MongoDB by 32,986.4% during the 2nd quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock valued at $13,277,581,000 after acquiring an additional 39,408,906 shares in the last quarter. ValueAct Holdings L.P. raised its position in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. Norges Bank acquired a new position in MongoDB in the fourth quarter worth about $574,821,000. AQR Capital Management LLC lifted its stake in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the period. Finally, Amundi lifted its stake in MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Trending Headlines about MongoDB

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 and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of approximately $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also topped consensus, with revenue of $756 million to $761 million and EPS of $1.57 to $1.61. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a key growth engine, while Enterprise Advanced revenue increased approximately 36%. Management also cited growing adoption of AI workloads across customer-facing and operational applications. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst opinion remained broadly constructive. Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets. However, UBS and several other firms reduced targets, citing valuation or growth concerns, though most maintained positive ratings.
• Negative Sentiment: Atlas revenue growth of approximately 29% was viewed as insufficient by investors expecting a faster acceleration. Analysts described the quarter as high quality but noted that Atlas growth was broadly consistent with recent periods rather than showing the anticipated inflection. Analysts discuss MongoDB Atlas growth
• Negative Sentiment: Investors also reacted to higher AI and infrastructure spending, which could pressure margins, and to management’s indication that a meaningful Atlas growth inflection may be several quarters away. The sharp selloff suggests the market was priced for stronger near-term growth despite the earnings beat and raised outlook. AI infrastructure costs weigh on MongoDB shares

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.