Needham & Company LLC Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its price target lifted by equities researchers at Needham & Company LLC from $480.00 to $500.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 13.48% from the stock’s previous close.

Other analysts have also issued reports about the company. Barclays boosted their target price on MongoDB from $390.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company boosted their price objective on MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Macquarie upped their target price on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 target price on shares of MongoDB in a report on Monday. Finally, Piper Sandler restated an “overweight” rating and set a $490.00 price target (up previously from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $418.40.

MongoDB Stock Up 1.1%

MongoDB stock opened at $440.60 on Tuesday. The company has a market capitalization of $35.86 billion, a PE ratio of -506.44 and a beta of 1.38. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72. The firm’s fifty day moving average is $386.76 and its 200 day moving average is $310.42.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period last year, the company posted $1.16 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 81,023 shares of company stock worth $30,382,587. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Central Pacific Bank Trust Division bought a new position in MongoDB in the 4th quarter valued at $28,000. Huntington National Bank raised its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Montag A & Associates Inc. boosted its holdings in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Promus Capital LLC bought a new position in MongoDB during the second quarter valued at about $36,000. Finally, TD Private Client Wealth LLC grew 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 buying an additional 113 shares during the period. 89.29% of the stock is currently owned by institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several brokerages lifted targets and reiterated buy ratings (Needham, Truist, RBC, Oppenheimer), increasing upside expectations and likely drawing buying interest from institutions and momentum traders. Broker upgrades roundup
• Positive Sentiment: Analysts and coverage noted renewed AI optimism coming out of CES 2026, framing MongoDB as a beneficiary of AI-driven data needs—this narrative supports higher valuation multiples and investor appetite. AI/CES valuation piece
• Positive Sentiment: The stock hit a 52‑week high, a technical signal that can attract momentum flows and index/ETF rebalances. 52-week high article
• Positive Sentiment: Analysts highlight MongoDB’s expanding partner ecosystem (developer tools, hyperscalers) as a durable adoption tailwind that lowers friction and supports recurring revenue growth. Partner ecosystem analysis
• Neutral Sentiment: Inclusion on “momentum” lists and broad analyst roundups increases visibility and can amplify short-term flows, but these are echoing existing bullish views rather than introducing new fundamental catalysts. Momentum list Analyst roundup
• Negative Sentiment: A director (Dwight A. Merriman) disclosed sale of 1,054 shares — a small reduction relative to his holding; insider selling can be interpreted negatively by some investors, though the size appears immaterial to the company’s ownership base. Insider sale filing

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.