Oppenheimer Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target lifted by research analysts at Oppenheimer from $375.00 to $410.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 25.89% from the company’s current price.

MDB has been the subject of a number of other research reports. Piper Sandler reduced their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $275.00 to $310.00 in a report on Thursday, March 5th. Wells Fargo & Company reduced their target price on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Finally, Monness Crespi & Hardt lifted their target price on MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.83.

MongoDB Stock Up 10.6%

MDB stock opened at $325.68 on Friday. The firm has a market capitalization of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. MongoDB has a twelve month low of $182.43 and a twelve month high of $444.72. The stock has a 50-day simple moving average of $272.10 and a two-hundred day simple moving average of $333.73.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts anticipate that MongoDB will post -0.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,566 shares of company stock valued at $8,744,791 in the last three months. 2.60% of the stock is owned by insiders.

Institutional Trading of MongoDB

Hedge funds have recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC lifted its position in MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after buying an additional 52,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in MongoDB by 1,277.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after buying an additional 16,896 shares during the last quarter. Penserra Capital Management LLC lifted its position in MongoDB by 42.1% in the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after buying an additional 39,978 shares during the last quarter. Kinetic Partners Management LP lifted its position in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after buying an additional 41,810 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

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.