MongoDB (NASDAQ:MDB) Price Target Raised to $390.00 at Wedbush

MongoDB (NASDAQ:MDB) had its target price hoisted by equities researchers at Wedbush from $380.00 to $390.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 19.75% from the company’s current price.

Several other research firms also recently issued reports on MDB. Oppenheimer upped their target price on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial reduced their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $275.00 to $310.00 in a research report on Thursday, March 5th. DA Davidson dropped their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Macquarie Infrastructure reissued a “neutral” rating and issued a $315.00 price objective on shares of MongoDB in a report on Friday. Twenty-seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $382.67.

MongoDB Stock Up 10.6%

Shares of MongoDB stock opened at $325.68 on Friday. The company has a 50 day moving average price of $272.10 and a 200 day moving average price of $333.73. The firm has a market capitalization of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48. MongoDB has a 52 week low of $182.43 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the firm earned $1.00 EPS. MongoDB’s revenue was up 25.2% compared to the same quarter last year. 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, research analysts anticipate that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the transaction, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 31,566 shares of company stock worth $8,744,791. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. increased its holdings in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB during the 4th quarter valued at about $574,821,000. AQR Capital Management LLC grew its position in shares of MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. increased its stake in shares of MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of MongoDB by 162.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after purchasing an additional 678,746 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

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.