MongoDB’s (MDB) Overweight Rating Reiterated at Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a research note issued to investors on Friday, Benzinga reports. They currently have a $540.00 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 53.53% from the company’s current price.

Several other equities analysts have also issued reports on MDB. Canaccord Genuity Group upped their price target on MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of MongoDB in a report on Wednesday. Citigroup reissued a “market outperform” rating on shares of MongoDB in a research report on Monday. Rosenblatt Securities raised their price objective on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Truist Financial lifted their price target on MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Stock Up 0.9%

Shares of NASDAQ MDB opened at $351.73 on Friday. The business’s 50 day moving average is $389.89 and its two-hundred day moving average is $333.01. The company has a market cap of $28.34 billion, a P/E ratio of 495.39, a P/E/G ratio of 37.45 and a beta of 1.75. MongoDB has a 12 month low of $215.68 and a 12 month 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 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 for the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the firm earned $1.00 EPS. 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. Sell-side analysts expect that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their position. 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 quarter, insiders sold 17,000 shares of company stock valued at $7,792,320. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB during the first quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth $34,000. NBH Bank purchased a new position in MongoDB in the 2nd quarter worth $34,000. CX Institutional increased its stake in shares of MongoDB by 94.3% in the 2nd 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, Root Financial Partners LLC boosted its holdings in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the last quarter. 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 assigned a $540 price target, implying substantial upside from current levels. Cantor Fitzgerald rating report
• Positive Sentiment: MongoDB attracted unusually heavy call-option activity, with 29,206 contracts purchased—about 40% above typical volume—suggesting some traders are positioning for a rebound. MongoDB call options report
• Positive Sentiment: Recent Investor Day updates remain a longer-term catalyst: management raised its fiscal 2028–2030 revenue-growth target to at least 20%, highlighted AI products including MongoDB 9.0 and Atlas Infinite, and expanded its share-repurchase authorization by $1 billion to $1.35 billion. MongoDB Investor Day report
• Neutral Sentiment: Citizens JMP and RBC maintained positive ratings, while BMO, Stephens, and Stifel lowered their price targets. The mixed revisions indicate continued confidence in MongoDB’s business but greater caution about near-term execution and valuation. MongoDB analyst target updates
• Negative Sentiment: Analysts and investors continue to assess the abrupt departure of CEO Chirantan Desai, who left to join Meta Platforms. The leadership transition triggered a sharp selloff and remains the primary overhang despite the buyback announcement. MongoDB CEO departure report
• Negative Sentiment: Coverage also notes that MDB has declined 7.1% since its latest earnings report, suggesting investors may be looking beyond the strong quarterly beat toward forward estimates, leadership stability, and the pace of future growth. MongoDB post-earnings performance report

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.