MongoDB (NASDAQ:MDB) Price Target Raised to $500.00

MongoDB (NASDAQ:MDB) had its price objective increased by Truist Financial from $450.00 to $500.00 in a research note published on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

MDB has been the subject of several other research reports. Oppenheimer reiterated an “outperform” rating on shares of MongoDB in a report on Monday. Wells Fargo & Company boosted their target price on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. UBS Group increased their target price on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $490.00 price target (up from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Finally, Citigroup upped their price objective on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.40.

MongoDB Price Performance

MDB opened at $408.12 on Wednesday. The business has a fifty day moving average price of $389.05 and a 200 day moving average price of $312.56. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market capitalization of $33.22 billion, a price-to-earnings ratio of -469.10 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter last year, the business posted $1.16 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,054 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $422.50, for a total value of $445,315.00. Following the completion of the sale, the director owned 82,791 shares of the company’s stock, valued at approximately $34,979,197.50. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 81,023 shares of company stock worth $30,382,587. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in shares of MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after buying an additional 249 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of MongoDB by 209.0% during the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after buying an additional 3,077 shares during the period. Acadian Asset Management LLC boosted its position in MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after acquiring an additional 362,705 shares during the last quarter. Red Spruce Capital LLC grew its stake in MongoDB by 11.8% in the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,426 shares during the period. Finally, Triton Financial Group Inc purchased a new stake in MongoDB in the 2nd quarter worth approximately $782,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Truist raised its price target to $500, citing persistent AI-driven valuation upside vs. peers — a clear bullish signal that likely supported the recent rally and higher analyst valuations. Truist raises MongoDB (MDB) PT to $500
• Positive Sentiment: Analyst upgrades and CES/AI optimism pushed MDB to fresh 52?week/12?month highs, reinforcing momentum-driven buying tied to MongoDB’s role in AI/data infrastructure. MongoDB stock hits 52-week high at $441.00
• Positive Sentiment: Forbes examines whether there’s additional upside after a 2x rally, highlighting drivers (subscription growth, ARR, AI demand) that could support further multiple expansion. This frames investor expectations for continued upside if execution holds. MongoDB: Is There More Upside For MDB Stock After A 2x Rally?
• Neutral Sentiment: Raymond James initiated coverage with a Market Perform, calling MongoDB at a “pivotal strategic crossroads” — a neutral take that tempers runaway bullishness by highlighting competitive and execution risks. MongoDB (MDB) Faces Strategic Crossroads…
• Neutral Sentiment: Unusually heavy options activity — very large volumes of both calls and puts — signals elevated short?term speculative interest and two?sided positioning that can increase volatility around news and earnings. Investors Purchase High Volume of MongoDB Call Options
• Negative Sentiment: An insider/director sold about $445k of stock — an actionable red flag for some investors even though the size is modest for MDB’s market cap; such sales can amplify near?term profit?taking. Insider Selling: MongoDB Director Sells $445,315.00 in Stock
• Negative Sentiment: Zacks highlighted a recent intraday slide and cautionary trading note as the market pulled back — short?term weakness likely reflects profit?taking after the run and broader market dynamics. MongoDB (MDB) Stock Slides as Market Rises

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.