Robert W. Baird Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its target price raised by investment analysts at Robert W. Baird from $335.00 to $500.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 23.17% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Macquarie lifted their price target on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday. Oppenheimer upped their target price on shares of MongoDB from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC boosted their price objective on MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group raised their price objective on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $412.25.

MongoDB Stock Performance

MDB opened at $405.94 on Tuesday. The firm has a market cap of $33.03 billion, a P/E ratio of -466.60 and a beta of 1.45. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $419.50. The firm has a 50-day moving average of $336.98 and a 200 day moving average of $271.32.

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

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the sale, the director owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This trade represents a 4.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 91,172 shares of company stock worth $29,810,450 in the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of the business. Huntington National Bank raised its stake in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. TD Private Client Wealth LLC lifted its position in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of MongoDB in the 3rd quarter worth approximately $37,000. Westside Investment Management Inc. raised its stake in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after acquiring an additional 55 shares during the period. Finally, Strategic Advocates LLC bought a new stake in shares of MongoDB in the 3rd quarter worth about $43,000. 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.