Guggenheim Reiterates Buy Rating for MongoDB (NASDAQ:MDB)

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

Other equities research analysts have also recently issued research reports about the company. Bank of America raised their target price on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Robert W. Baird upped their price target on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Monness Crespi & Hardt increased their price target on MongoDB from $415.00 to $460.00 and gave the stock a “buy” rating in a report on Monday. Mizuho increased their price target on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Wedbush raised their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $461.87.

MongoDB Price Performance

NASDAQ:MDB opened at $434.21 on Wednesday. The firm has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58. The company’s 50-day moving average is $369.91 and its two-hundred day moving average is $322.27. 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 results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, equities analysts anticipate that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 29,326 shares in the company, valued at $10,264,100. This represents a 3.30% decrease in their position. 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. Over the last three months, insiders sold 80,696 shares of company stock valued at $31,425,055. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in MongoDB by 115.1% during 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 period. Fiera Capital Corp lifted its holdings in MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after buying an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in MongoDB by 48.7% in the 2nd 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. boosted its position in MongoDB by 19.9% in the 2nd 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 acquired a new position in shares of MongoDB in the fourth quarter worth $1,802,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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

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.