MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, Scotiabank Analyst Says

MongoDB (NASDAQ:MDB) had its target price raised by stock analysts at Scotiabank from $395.00 to $440.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 17.71% from the stock’s current price.

MDB has been the topic of several other research reports. Tigress Financial upped their price target on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Stifel Nicolaus reduced their price target on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a research note on Wednesday. Guggenheim restated a “buy” rating and issued a $560.00 price objective on shares of MongoDB in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Wednesday. 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 issued a Sell rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Trading Down 13.9%

MongoDB stock traded down $60.42 during midday trading on Wednesday, hitting $373.79. 6,243,999 shares of the stock were exchanged, compared to its average volume of 1,888,404. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of -1,008.79, a PEG ratio of 3,220.66 and a beta of 1.58. The stock’s 50-day simple moving average is $369.91 and its 200 day simple moving average is $322.27. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during 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 for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities analysts anticipate 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 firm’s 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 completion of the transaction, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This trade represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Several hedge funds have recently modified their holdings of MDB. California State Teachers Retirement System boosted its holdings in MongoDB by 32,986.4% in the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock valued at $13,277,581,000 after purchasing an additional 39,408,906 shares in the last quarter. ValueAct Holdings L.P. lifted its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares during the last quarter. Norges Bank purchased a new stake in shares of MongoDB during the 4th quarter worth approximately $574,821,000. AQR Capital Management LLC boosted its holdings in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Finally, Amundi grew its position in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares during 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: 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.

About MongoDB

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.