MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as “Overweight” by Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $540.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 50.62% from the company’s current price.

MDB has been the subject of a number of other reports. Mizuho set a $460.00 target price on shares of MongoDB in a research report on Tuesday. DA Davidson reduced their target price on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research report on Monday. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. Finally, Oppenheimer increased their target price on shares of MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Trading Up 1.9%

NASDAQ:MDB traded up $6.79 during trading hours on Friday, hitting $358.52. 2,170,018 shares of the stock were exchanged, compared to its average volume of 2,027,768. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The firm’s fifty day moving average price is $389.89 and its 200 day moving average price is $333.01. The company has a market cap of $28.88 billion, a P/E ratio of 504.95, a P/E/G ratio of 37.45 and a beta of 1.75.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the business earned $1.00 EPS. MongoDB’s quarterly 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. Equities analysts expect that MongoDB will post 0.47 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated 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 completion of the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% 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 have sold 17,000 shares of company stock valued at $7,792,320. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after acquiring an additional 239,338 shares during the last quarter. Capital World Investors increased its position in shares of MongoDB by 129.1% during the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares during the last quarter. Fred Alger Management LLC increased its position in shares of MongoDB by 7.3% during the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during the last quarter. Bank of America Corp DE increased its position in shares of MongoDB by 0.3% during the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of MongoDB by 55.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Overweight” rating and set a $540 price target, implying substantial upside from the current level and providing the strongest bullish analyst signal in the latest updates. Benzinga coverage
• Positive Sentiment: Citizens JMP reiterated its Market Outperform rating, while Royal Bank of Canada reaffirmed its Outperform rating, indicating continued Wall Street confidence in MongoDB’s growth outlook. Citizens JMP rating RBC rating
• Positive Sentiment: MongoDB’s Investor Day highlighted an expanding artificial-intelligence opportunity and higher long-term growth ambitions. Bank of America described the event as a net positive and maintained its Buy rating, with management targeting at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity—29,206 contracts, approximately 40% above typical volume—suggests increased speculative interest in further share gains, although options activity is not a fundamental catalyst. MongoDB call-options activity
• Neutral Sentiment: Investors are also focused on MongoDB’s upcoming leadership transition, with commentary questioning how the next CEO could affect strategy and execution. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, tempering the bullish analyst outlook. BMO price-target update Stephens price-target update
• Negative Sentiment: The stock remains below its post-earnings level, having declined about 7.1% since the latest report as investors reassess forward estimates despite MongoDB’s earnings and revenue beat. Post-earnings MongoDB analysis

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.