MongoDB’s (MDB) “Buy” Rating Reaffirmed at Guggenheim

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $560.00 target price on the stock. Guggenheim’s price objective would indicate a potential upside of 28.97% from the company’s previous close.

Several other research analysts have also recently commented on MDB. BMO Capital Markets boosted their price target on shares of MongoDB from $375.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Cantor Fitzgerald boosted their target price on shares of MongoDB from $416.00 to $540.00 and gave the stock an “overweight” rating in a research note on Monday. Monness Crespi & Hardt raised their price target on MongoDB from $415.00 to $460.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada upped their price objective on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $461.87.

MongoDB Stock Performance

Shares of MDB opened at $434.21 on Wednesday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market capitalization of $34.92 billion, a PE ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58. The stock has a 50-day simple moving average of $369.91 and a 200-day simple moving average of $322.27.

MongoDB (NASDAQ:MDB) last released its earnings results 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. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. 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. Analysts predict that MongoDB will post 0.01 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the transaction, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% 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. Insiders have sold 80,696 shares of company stock worth $31,425,055 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB during the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the 2nd quarter valued at approximately $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter valued at approximately $34,000. Finally, CX Institutional lifted its position in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. 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: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

MongoDB Company Profile

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.