Wells Fargo & Company Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target reduced by investment analysts at Wells Fargo & Company from $450.00 to $375.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 56.29% from the company’s previous close.

Other research analysts have also issued reports about the stock. Mizuho lowered their target price on shares of MongoDB from $380.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citizens Jmp lifted their price objective on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Finally, KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $378.12.

MongoDB Price Performance

Shares of MDB stock traded down $85.07 during trading on Tuesday, reaching $239.94. The company had a trading volume of 3,737,458 shares, compared to its average volume of 1,751,938. The firm’s 50 day simple moving average is $383.23 and its two-hundred day simple moving average is $351.77. MongoDB has a one year low of $140.78 and a one year high of $444.72. The company has a market capitalization of $19.53 billion, a PE ratio of -276.05 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. The company’s revenue was up 26.8% on a year-over-year basis. Analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,354 shares of company stock worth $23,474,994 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in MDB. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB during the 4th quarter worth $33,000. Root Financial Partners LLC lifted its holdings in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in MongoDB in the 4th quarter valued at $38,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat — MongoDB reported stronger-than-expected Q4 results (revenue $695.1M, +27% Y/Y; EPS $1.65, topping estimates) and highlighted customer additions and robust deals, which supports the company’s growth narrative. Q4 Press Release
• Positive Sentiment: Aggressive EPS guidance — MongoDB raised EPS guidance sharply: Q1 FY2027 EPS $1.150–1.190 vs. consensus ~0.64, and FY2027 EPS $5.75–5.93 vs. consensus ~3.41. Strong EPS outlook (if achievable) implies margin leverage and could support upside over time. Guidance & Strategy Article
• Neutral Sentiment: Revenue guidance roughly flat to light — Q1 revenue guided to ~$659M–$664M (vs. consensus ~$661M) and FY revenue guidance roughly in line with expectations; EPS strength is notable but revenue guidance lacks a clear beat, leaving mixed signals for growth investors. Guidance & Strategy Article
• Neutral Sentiment: Atlas growth deceleration flagged — Management outlined Atlas revenue growth of ~21%–23% for fiscal 2027, a deceleration from recent rates; this is important because Atlas is the core growth engine. Guidance & Strategy Article
• Negative Sentiment: Executive departures and market reaction — Reports of executive departures and “mixed” forward commentary triggered a sharp sell-off in after-hours trading and headlines saying the stock plunged ~24%, amplifying downward pressure. Blockonomi: Shares Plunge
• Negative Sentiment: Analyst cuts and neutral/weak re-rates — Multiple firms trimmed price targets or moved to neutral (Mizuho cut to $290; Robert W. Baird reaffirmed neutral and cut target to $260), adding selling pressure even as some outlets (Bernstein, Rosenblatt) kept higher targets. Benzinga: Analyst Moves TickerReport: Analyst Note
• Negative Sentiment: Macro noise — Broader market weakness (geopolitical-driven oil and risk-off flows) likely amplified the stock’s decline today, compounding the company-specific reaction to guidance and leadership news. Market Context

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.