Mizuho Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target lifted by Mizuho from $400.00 to $460.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 5.94% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada boosted their target price on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Oppenheimer raised their price target on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Robert W. Baird lifted their price target on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.84.

MongoDB Stock Down 4.2%

Shares of NASDAQ MDB opened at $434.21 on Wednesday. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The company has a market cap of $34.92 billion, a P/E ratio of -1,173.54, a P/E/G ratio of 3,220.66 and a beta of 1.58. The business has a 50-day simple moving average of $369.91 and a two-hundred day simple moving average of $322.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $735.01 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. MongoDB’s revenue for the quarter 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 research analysts anticipate that MongoDB will post 0.01 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the sale, the director owned 161,762 shares in the company, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,696 shares of company stock worth $31,425,055 in the last three months. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in MongoDB in the fourth quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB during the first quarter worth approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of MongoDB during the second quarter worth approximately $34,000. NBH Bank bought a new stake in shares of MongoDB in the 2nd quarter worth approximately $34,000. Finally, CX Institutional boosted 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. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of about $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter revenue guidance of $756 million to $761 million also topped analyst expectations. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a major growth driver, with revenue increasing approximately 29%, while enterprise and other revenue rose about 36%. Management cited strong enterprise workloads and early AI-related use cases as support for its upgraded outlook. MongoDB earnings call highlights
• Neutral Sentiment: Several analysts maintained Buy or Outperform ratings and issued price targets ranging from $430 to $560, suggesting that Wall Street remains broadly constructive on MongoDB’s long-term growth prospects. However, the targets vary widely after the earnings release. Analyst forecasts after MongoDB results
• Negative Sentiment: Atlas growth remained near 29%, broadly unchanged from recent quarters, disappointing investors who expected a clearer acceleration from AI demand. Chief Executive Officer Dev Ittycheria reportedly said he was surprised and disappointed by the market reaction, while noting a more meaningful Atlas growth inflection could still be several quarters away. MongoDB Atlas growth misses expectations
• Negative Sentiment: Investors also cited elevated AI and infrastructure costs, profit-taking after a strong run, and MongoDB’s demanding valuation. The company continues to report a slightly negative net margin, increasing the market’s sensitivity to any sign that growth is not accelerating quickly enough. MongoDB AI infrastructure costs

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.