The Goldman Sachs Group Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its target price lifted by analysts at The Goldman Sachs Group from $453.00 to $520.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 36.97% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Citizens Jmp restated a “market outperform” rating and issued a $519.00 target price on shares of MongoDB in a report on Wednesday. Wedbush increased their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Bank of America raised their price target 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 lifted their price objective on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $469.71.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $54.55 during midday trading on Wednesday, hitting $379.66. 5,295,260 shares of the company traded hands, compared to its average volume of 1,883,307. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a 50-day moving average price of $369.91 and a 200 day moving average price of $322.27. The firm has a market cap of $30.54 billion, a P/E ratio of -1,026.54, a P/E/G ratio of 3,220.66 and a beta of 1.58.

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

Insider Buying and Selling

In other news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the transaction, the director owned 452,896 shares in the company, valued at approximately $204,595,768. This trade represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety 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 have recently made changes to their positions in the business. Corient Private Wealth LP boosted its holdings in shares of MongoDB by 27.3% during the 2nd quarter. Corient Private Wealth LP now owns 45,298 shares of the company’s stock valued at $15,216,000 after purchasing an additional 9,702 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of MongoDB by 32,986.4% in the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock worth $13,277,581,000 after purchasing an additional 39,408,906 shares during the last quarter. Wedmont Private Capital lifted its position in shares of MongoDB by 13.4% in the second quarter. Wedmont Private Capital now owns 1,068 shares of the company’s stock worth $365,000 after buying an additional 126 shares in the last quarter. Herbst Group LLC purchased a new stake in shares of MongoDB in the second quarter worth about $202,000. Finally, HB Wealth Management LLC boosted its stake in MongoDB by 28.9% during the second quarter. HB Wealth Management LLC now owns 2,558 shares of the company’s stock valued at $859,000 after buying an additional 573 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30.5% year over year, while adjusted EPS of $1.90 exceeded the roughly $1.62 consensus estimate. Atlas revenue increased about 29%, and Enterprise Advanced and other revenue rose approximately 36%. MongoDB fiscal Q2 financial results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting approximately $2.99 billion to $3.03 billion in revenue and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also came in above analyst expectations, supported by continued Atlas demand. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: The earnings call highlighted growing adoption of MongoDB’s platform for artificial-intelligence workloads, along with strength in enterprise customers and operational use cases. Several analysts maintained bullish ratings, with price targets ranging from $430 to $560, although targets were mixed. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst reaction was divided: Barclays and Mizuho raised their targets, while UBS, BMO and RBC lowered theirs. UBS moved to a neutral rating, reflecting concern that expectations may have outpaced the company’s near-term growth outlook.
• Negative Sentiment: Investors appeared disappointed that Atlas growth remained near recent levels rather than accelerating significantly. Management reportedly indicated that a meaningful Atlas growth inflection could still be several quarters away. Why MongoDB stock is falling despite strong results
• Negative Sentiment: Forward expectations were also pressured by concerns about AI-related infrastructure costs, the sequential moderation implied by third-quarter guidance, and profit-taking after a substantial prior rally. These factors outweighed the otherwise strong quarter and raised outlook.

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.