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

MongoDB (NASDAQ:MDB) had its target price lifted by Mizuho from $325.00 to $400.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on MDB. Piper Sandler dropped their target price on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a report on Tuesday, April 14th. Stifel Nicolaus reduced their price target on MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. The Goldman Sachs Group reduced their price target on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price target on shares of MongoDB in a report on Tuesday, May 19th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $390.43.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $335.55 on Friday. The company’s 50-day moving average price is $273.44 and its two-hundred day moving average price is $333.74. MongoDB has a one year low of $182.43 and a one year high of $444.72. The stock has a market capitalization of $26.97 billion, a PE ratio of -906.89 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same period in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, analysts anticipate that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,566 shares of company stock worth $8,744,791. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi boosted its position in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

MongoDB Company Profile

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.