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

MongoDB (NASDAQ:MDB) had its target price increased by The Goldman Sachs Group from $453.00 to $520.00 in a report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

MDB has been the subject of a number of other research reports. Cantor Fitzgerald boosted their price objective on shares of MongoDB from $416.00 to $540.00 and gave the stock an “overweight” rating in a research note on Monday, August 31st. KGI Securities initiated coverage on MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target on the stock. DA Davidson restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research note on Wednesday. UBS Group dropped their price objective on MongoDB from $460.00 to $410.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Oppenheimer boosted their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Price Performance

MDB stock opened at $368.74 on Wednesday. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The business has a 50-day moving average price of $374.27 and a 200 day moving average price of $322.83. The company has a market capitalization of $29.66 billion, a P/E ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. 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 anticipate that MongoDB will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This represents a 76.92% 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 6,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares in the company, valued at $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 40,696 shares of company stock worth $16,098,655. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of MongoDB during the fourth quarter valued at about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the 1st quarter worth approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the 2nd quarter worth approximately $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter worth approximately $34,000. Finally, CX Institutional increased its stake in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.