Bank of America Raises MongoDB (NASDAQ:MDB) Price Target to $390.00

MongoDB (NASDAQ:MDB) had its price target lifted by Bank of America from $375.00 to $390.00 in a research report issued on Friday,MarketScreener reports. Bank of America‘s price objective suggests a potential upside of 19.75% from the company’s current price.

MDB has been the subject of several other research reports. DA Davidson dropped their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Mizuho raised their target price on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer upped their price target on shares of MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS Group reissued a “neutral” rating on shares of MongoDB in a research report on Friday. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $382.67.

MongoDB Trading Up 10.6%

NASDAQ:MDB opened at $325.68 on Friday. The stock’s 50-day moving average is $272.10 and its 200-day moving average is $333.73. MongoDB has a 1-year low of $182.43 and a 1-year high of $444.72. The stock has a market cap of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter last year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts forecast that MongoDB will post -0.46 EPS for the current 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 on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the transaction, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC raised its stake in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB during the fourth quarter worth $28,000. Huntington National Bank grew its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in MongoDB in the 4th quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in MongoDB during the 1st quarter valued at $34,000. 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: MongoDB reported first-quarter fiscal 2027 results that beat expectations, with revenue up about 25% year over year to $687.6 million and EPS of $1.32 topping estimates. The company also raised full-year and Q2 guidance well above Wall Street forecasts, which is supporting bullish sentiment. MongoDB Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with Oppenheimer, Mizuho, Monness Crespi & Hardt, BMO Capital Markets, Cantor Fitzgerald, and Canaccord all raising price targets and maintaining buy/outperform-style ratings. The new targets cluster around the low-$400s, implying meaningful upside from current levels. Analyst price target updates
• Neutral Sentiment: Several earnings-transcript articles are circulating as investors parse management’s comments on Atlas growth, AI demand, and the company’s outlook. These discussions are helping traders gauge whether growth is becoming more predictable, but they are not a separate catalyst on their own. MongoDB Q1 2027 Earnings Call Transcript
• Negative Sentiment: Some commentary noted that investors worried the company’s remarks about Atlas growth becoming more predictable could signal a softer near-term growth trajectory, which may explain some intraday volatility even after the earnings beat. Why MDB Stock Is Up Overnight After Wild Ride Today

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.