Zacks Research Upgrades MongoDB (NASDAQ:MDB) to Strong-Buy

MongoDB (NASDAQ:MDB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also recently issued reports on MDB. Citigroup reiterated a “buy” rating and issued a $565.00 target price (up from $545.00) on shares of MongoDB in a research note on Wednesday. Truist Financial lifted their price objective on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Wednesday. UBS Group cut their price target on MongoDB from $460.00 to $410.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Evercore began coverage on MongoDB in a research report on Friday, August 21st. They set an “outperform” rating and a $525.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Down 4.1%

Shares of MDB stock opened at $368.74 on Thursday. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock has a market cap of $29.66 billion, a PE ratio of 519.35, a price-to-earnings-growth ratio of 52.65 and a beta of 1.58. The business has a 50-day simple moving average of $374.27 and a 200-day simple moving average of $322.83.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period last year, the business earned $1.00 earnings per share. MongoDB’s quarterly revenue 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. Sell-side analysts anticipate that MongoDB will post 0.37 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director directly owned 29,326 shares in the company, valued at $10,264,100. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred on 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 completion of the sale, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. This trade 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 valued at $16,098,655. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its stake in shares of MongoDB by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after acquiring an additional 38 shares during the last quarter. Corient Private Wealth LP grew its holdings in shares of MongoDB by 27.3% in the second quarter. Corient Private Wealth LP now owns 45,298 shares of the company’s stock valued at $15,216,000 after purchasing an additional 9,702 shares during the period. California State Teachers Retirement System increased its position in MongoDB by 32,986.4% during the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock worth $13,277,581,000 after purchasing an additional 39,408,906 shares during the last quarter. Wedmont Private Capital raised its stake in MongoDB by 13.4% during the second quarter. Wedmont Private Capital now owns 1,068 shares of the company’s stock worth $365,000 after purchasing an additional 126 shares during the period. Finally, Herbst Group LLC purchased a new position in MongoDB during the second quarter worth about $202,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Headlines Impacting 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

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.