Bank of America Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its price objective increased by equities researchers at Bank of America from $440.00 to $480.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 18.24% from the stock’s previous close.

A number of other research analysts have also recently issued reports on MDB. Royal Bank Of Canada lifted their price target on shares of MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday. Robert W. Baird raised their target price on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Piper Sandler reiterated an “overweight” rating and set a $490.00 target price (up from $400.00) on shares of MongoDB in a report on Tuesday. Zacks Research downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, BMO Capital Markets raised their price objective on MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $412.25.

MongoDB Stock Up 1.0%

NASDAQ MDB opened at $405.94 on Tuesday. The firm has a market capitalization of $33.03 billion, a PE ratio of -466.60 and a beta of 1.45. The stock’s 50 day moving average is $336.98 and its 200 day moving average is $271.32. MongoDB has a twelve month low of $140.78 and a twelve month high of $419.50.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.11% and a negative net margin of 3.06%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the completion of the sale, the director owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Hazard, Jr. sold 833 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $271,666.29. Following the completion of the transaction, the director owned 44,867 shares of the company’s stock, valued at $14,632,474.71. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 91,172 shares of company stock worth $29,810,450. Company insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of MongoDB by 35.7% in the first quarter. Cetera Investment Advisers now owns 19,424 shares of the company’s stock worth $3,407,000 after acquiring an additional 5,108 shares during the period. LPL Financial LLC boosted its holdings in MongoDB by 30.4% in the first quarter. LPL Financial LLC now owns 47,830 shares of the company’s stock worth $8,389,000 after purchasing an additional 11,160 shares during the last quarter. Federated Hermes Inc. purchased a new stake in MongoDB in the first quarter worth approximately $1,759,000. PNC Financial Services Group Inc. grew its position in MongoDB by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock worth $415,000 after purchasing an additional 435 shares during the period. Finally, Banco Santander S.A. raised its stake in MongoDB by 13.2% during the 1st quarter. Banco Santander S.A. now owns 4,378 shares of the company’s stock valued at $768,000 after buying an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.