MongoDB (NASDAQ:MDB) Price Target Lowered to $465.00 at Royal Bank Of Canada

MongoDB (NASDAQ:MDB) had its target price cut by research analysts at Royal Bank Of Canada from $515.00 to $465.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 7.09% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $453.00 target price on shares of MongoDB in a report on Wednesday, August 19th. Citizens Jmp restated a “market outperform” rating and set a $519.00 price objective on shares of MongoDB in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of MongoDB from $375.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Tigress Financial boosted their target price on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Monness Crespi & Hardt increased their target price on shares of MongoDB from $415.00 to $460.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $462.84.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $434.21 on Wednesday. The stock has a fifty day moving average price of $369.91 and a two-hundred day moving average price of $322.27. The firm has a market cap of $34.92 billion, a P/E ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. 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, research analysts predict that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. The trade was a 76.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the sale, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This represents a 5.80% 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. Over the last 90 days, insiders sold 80,696 shares of company stock worth $31,425,055. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of MongoDB by 33.6% during the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after buying an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its position in MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after buying an additional 6,819 shares during the period. Assenagon Asset Management S.A. raised its position in MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after buying an additional 21,273 shares during the period. Finally, Bluebird Wealth Management LLC purchased a new stake in MongoDB in the 4th quarter worth about $1,802,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of about $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter revenue guidance of $756 million to $761 million also topped analyst expectations. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a major growth driver, with revenue increasing approximately 29%, while enterprise and other revenue rose about 36%. Management cited strong enterprise workloads and early AI-related use cases as support for its upgraded outlook. MongoDB earnings call highlights
• Neutral Sentiment: Several analysts maintained Buy or Outperform ratings and issued price targets ranging from $430 to $560, suggesting that Wall Street remains broadly constructive on MongoDB’s long-term growth prospects. However, the targets vary widely after the earnings release. Analyst forecasts after MongoDB results
• Negative Sentiment: Atlas growth remained near 29%, broadly unchanged from recent quarters, disappointing investors who expected a clearer acceleration from AI demand. Chief Executive Officer Dev Ittycheria reportedly said he was surprised and disappointed by the market reaction, while noting a more meaningful Atlas growth inflection could still be several quarters away. MongoDB Atlas growth misses expectations
• Negative Sentiment: Investors also cited elevated AI and infrastructure costs, profit-taking after a strong run, and MongoDB’s demanding valuation. The company continues to report a slightly negative net margin, increasing the market’s sensitivity to any sign that growth is not accelerating quickly enough. MongoDB AI infrastructure costs

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.