MongoDB’s (MDB) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $465.00 target price on the stock.

MDB has been the topic of a number of other reports. Oppenheimer upped their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Truist Financial lifted their price target on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Monday. KGI Securities began coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price objective on the stock. Finally, Rosenblatt Securities raised their target price on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Stock Up 0.9%

MDB opened at $351.73 on Tuesday. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The stock has a market cap of $28.34 billion, a PE ratio of 495.39, a PEG ratio of 37.45 and a beta of 1.75. The business has a 50 day moving average of $389.89 and a 200-day moving average of $333.01.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. 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 0.47 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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 transaction, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 17,000 shares of company stock worth $7,792,320. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several large investors have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its holdings in shares of MongoDB by 10.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock valued at $450,000 after acquiring an additional 125 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of MongoDB by 59.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,697 shares during the period. SkyView Investment Advisors LLC purchased a new position in shares of MongoDB during the second quarter valued at approximately $252,000. Sequoia Financial Advisors LLC raised its holdings in shares of MongoDB by 36.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock valued at $877,000 after purchasing an additional 701 shares during the last quarter. Finally, National Pension Service lifted its position in MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company’s stock valued at $51,623,000 after purchasing an additional 14,866 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: At Investor Day, MongoDB raised its long-term outlook, targeting total revenue growth of at least 20% for fiscal 2028–2030, compared with its previous high-teens expectation. Management also expects Atlas growth of roughly 25% annually over the next three years and continued margin expansion. MongoDB has AI momentum on its side, BofA says following investor day
• Positive Sentiment: New offerings—including MongoDB 9.0, Atlas Infinite, and Atlas Agent Engine—strengthen the company’s artificial-intelligence platform positioning. Bank of America called the event a net positive and maintained its Buy rating.
• Positive Sentiment: Analysts largely remain constructive: Needham, RBC, Citizens JMP, and others reaffirmed bullish ratings, with published price targets ranging from $385 to $519. Increased call-option activity also signals speculative bullish interest, though it is not a fundamental catalyst.
• Neutral Sentiment: MongoDB’s latest quarterly results exceeded expectations, with adjusted earnings of $1.90 per share versus a $1.62 consensus and revenue of $771.8 million versus $735.0 million expected. However, the stock remains about 7.1% below its level immediately after that report, as investors seek evidence that the longer-term targets can be delivered. Why Is MongoDB Down Since Last Earnings Report?
• Negative Sentiment: Desai’s sudden departure to lead Meta Platforms’ Enterprise Platform unit has raised concerns about execution, succession, and the loss of leadership during MongoDB’s AI expansion. The company must now conduct a CEO search, leaving investors focused on whether its strategy can continue without disruption. Do CEOs Matter? MongoDB Shareholders Are About to Find Out
• Negative Sentiment: Some firms reduced their targets despite retaining positive ratings, including Stifel at $385, Stephens at $372, and BMO at $420. MongoDB also trades at a demanding valuation, increasing sensitivity to any slowdown or disappointment in its ambitious growth plans.

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.