Royal Bank Of Canada Reaffirms “Outperform” Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $465.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 33.39% from the stock’s previous close.

Several other equities research analysts also recently weighed in on MDB. Robert W. Baird raised their target price on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group raised their price objective on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Rosenblatt Securities boosted their target price on MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company raised their price target on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Evercore reissued an “outperform” rating on shares of MongoDB in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Stock Up 3.4%

MDB stock traded up $11.42 during trading on Wednesday, hitting $348.61. 6,244,698 shares of the company’s stock traded hands, compared to its average volume of 2,024,226. The business has a fifty day simple moving average of $387.97 and a two-hundred day simple moving average of $331.74. The firm has a market capitalization of $28.08 billion, a P/E ratio of 491.00, a PEG ratio of 35.95 and a beta of 1.58. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the business posted $1.00 EPS. The firm’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. On average, equities research analysts predict that MongoDB will post 0.47 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was a 1.03% 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. Over the last ninety days, insiders have sold 17,000 shares of company stock valued at $7,792,320. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in MongoDB by 21.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares during the last quarter. Capital World Investors lifted its holdings in shares of MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after acquiring an additional 552,434 shares during the last quarter. Fred Alger Management LLC boosted its position in shares of MongoDB by 7.3% during the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after purchasing an additional 38,225 shares during the period. Employees Provident Fund Board acquired a new stake in MongoDB in the 4th quarter valued at approximately $203,365,000. Finally, Polar Capital Holdings Plc raised its position in MongoDB by 730.6% in the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB raised its fiscal 2028–2030 revenue-growth target to at least 20%, up from the previous high-teens outlook. Bank of America called the Investor Day a net positive and maintained its Buy rating, citing the company’s AI momentum. MongoDB has AI momentum on its side, BofA says following investor day
• Positive Sentiment: Management expects Atlas growth of approximately 25% over the next three years and outlined plans for GAAP profitability by fiscal 2027, alongside annual operating-margin expansion of 100–200 basis points. MongoDB guides for 25% Atlas growth over next three years
• Positive Sentiment: New offerings—including MongoDB 9.0, Atlas Infinite and Atlas Agent Engine—strengthen the company’s AI strategy. MongoDB says version 9.0 can deliver up to twice the throughput, while Atlas Infinite is designed to handle unpredictable AI-scale demand. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Analysts largely remain constructive: Citizens JMP, RBC and Needham reaffirmed bullish ratings, with price targets of $519, $465 and $430, respectively. Options activity was also unusually bullish, with call volume about 40% above average.
• Neutral Sentiment: MongoDB partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas and AI applications. Cognition and MongoDB partner
• Negative Sentiment: Former CEO Chirantan “CJ” Desai’s sudden move to Meta triggered a sharp selloff and raised questions about leadership and strategy. Former CEO Dev Ittycheria is serving as interim CEO while MongoDB searches for a permanent replacement. MongoDB CEO exit
• Negative Sentiment: Some analysts reduced their targets, including Stifel to $385, Stephens to $372 and BMO to $420, reflecting continued uncertainty despite retaining generally positive or neutral ratings.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.