Cantor Fitzgerald Reaffirms “Overweight” Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Friday, Marketbeat reports. They presently have a $540.00 target price on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 59.12% from the company’s current price.

Other analysts have also issued reports about the company. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a report on Wednesday, September 2nd. Truist Financial lifted their price target on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, August 20th. BMO Capital Markets reduced their price target on MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Guggenheim reissued a “buy” rating and issued a $560.00 target price on shares of MongoDB in a research report on Tuesday. Two 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Price Performance

NASDAQ:MDB opened at $339.37 on Friday. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The stock’s 50-day moving average is $389.89 and its two-hundred day moving average is $333.01. The stock has a market cap of $27.34 billion, a PE ratio of 478.92, a price-to-earnings-growth ratio of 37.45 and a beta of 1.75.

MongoDB (NASDAQ:MDB) last released its 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 for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter 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 anticipate that MongoDB will post 0.47 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope Cochran sold 1,000 shares of the company’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 sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 completion of the sale, the director owned 452,896 shares in the company, 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. Insiders sold 17,000 shares of company stock worth $7,792,320 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after purchasing an additional 239,338 shares during the last quarter. Capital World Investors grew its holdings in shares of MongoDB by 129.1% during the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after purchasing an additional 552,434 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of MongoDB by 7.3% during the fourth 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 last quarter. Bank of America Corp DE lifted its stake in shares of MongoDB by 0.3% during the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of MongoDB by 55.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the period. Institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and assigned a $540 price target, implying substantial upside from current levels. Cantor Fitzgerald rating report
• Positive Sentiment: MongoDB attracted unusually heavy call-option activity, with 29,206 contracts purchased—about 40% above typical volume—suggesting some traders are positioning for a rebound. MongoDB call options report
• Positive Sentiment: Recent Investor Day updates remain a longer-term catalyst: management raised its fiscal 2028–2030 revenue-growth target to at least 20%, highlighted AI products including MongoDB 9.0 and Atlas Infinite, and expanded its share-repurchase authorization by $1 billion to $1.35 billion. MongoDB Investor Day report
• Neutral Sentiment: Citizens JMP and RBC maintained positive ratings, while BMO, Stephens, and Stifel lowered their price targets. The mixed revisions indicate continued confidence in MongoDB’s business but greater caution about near-term execution and valuation. MongoDB analyst target updates
• Negative Sentiment: Analysts and investors continue to assess the abrupt departure of CEO Chirantan Desai, who left to join Meta Platforms. The leadership transition triggered a sharp selloff and remains the primary overhang despite the buyback announcement. MongoDB CEO departure report
• Negative Sentiment: Coverage also notes that MDB has declined 7.1% since its latest earnings report, suggesting investors may be looking beyond the strong quarterly beat toward forward estimates, leadership stability, and the pace of future growth. MongoDB post-earnings performance report

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.