MongoDB’s (MDB) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a research report issued on Friday, Marketbeat.com reports. They presently have a $540.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 50.85% from the company’s current price.

Other analysts have also recently issued reports about the company. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. The Goldman Sachs Group increased their price target on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Robert W. Baird increased their price target on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Finally, UBS Group dropped their price target on MongoDB from $410.00 to $375.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Price Performance

MDB traded up $6.23 during trading on Friday, hitting $357.96. The company had a trading volume of 2,682,942 shares, compared to its average volume of 2,030,920. The company has a market cap of $28.84 billion, a PE ratio of 504.17, a P/E/G ratio of 37.45 and a beta of 1.75. The business has a 50-day moving average of $389.89 and a 200-day moving average of $333.01. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. MongoDB’s revenue for the quarter 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. Research analysts forecast that MongoDB will post 0.47 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the transaction, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 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 transaction, the director directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. 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 have sold 17,000 shares of company stock valued at $7,792,320. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MongoDB in the second quarter valued at $34,000. NBH Bank purchased a new stake in shares of MongoDB in the second quarter valued at $34,000. CX Institutional lifted its holdings in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB during the first quarter worth $34,000. 89.29% of the stock is owned by institutional investors.

Key MongoDB News

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 referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance 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.