MongoDB (NASDAQ:MDB) Stock Keeps “Overweight” Rating at Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $540.00 target price on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 50.00% from the stock’s current price.

Other research analysts also recently issued reports about the stock. DA Davidson dropped their target price on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings upgraded shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Mizuho set a $460.00 target price on shares of MongoDB in a report on Tuesday. Citigroup reissued a “market outperform” rating on shares of MongoDB in a report on Monday. Finally, The Goldman Sachs Group increased their price target on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Two equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Price Performance

MDB traded up $8.28 during trading hours on Friday, reaching $360.01. 2,268,583 shares of the stock traded hands, compared to its average volume of 2,028,103. The firm’s fifty day simple moving average is $389.89 and its two-hundred day simple moving average is $333.01. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 506.79, a PEG ratio of 37.45 and a beta of 1.75. MongoDB has a fifty-two week low of $215.68 and a fifty-two week 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, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the firm posted $1.00 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. 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 0.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of the 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 completion of the sale, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. 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. Insiders sold a total of 17,000 shares of company stock valued at $7,792,320 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MDB. Versant Capital Management Inc grew its stake in MongoDB by 8.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,712 shares of the company’s stock valued at $597,000 after purchasing an additional 137 shares during the period. QRG Capital Management Inc. grew its stake in shares of MongoDB by 10.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock worth $450,000 after acquiring an additional 125 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of MongoDB by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,697 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter worth $252,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of MongoDB by 36.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock worth $877,000 after acquiring an additional 701 shares during the period. Institutional investors own 89.29% of the company’s stock.

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

MongoDB Company Profile

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.