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

MongoDB (NASDAQ:MDB) had its target price raised by Wedbush from $380.00 to $390.00 in a report issued on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently commented on MDB. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank upgraded MongoDB from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $275.00 to $310.00 in a research report on Thursday, March 5th. Truist Financial reduced their price objective on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Piper Sandler upped their price objective on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $390.43.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $335.55 on Friday. The company has a market cap of $26.97 billion, a P/E ratio of -906.89 and a beta of 1.48. MongoDB has a 1 year low of $182.43 and a 1 year high of $444.72. The stock’s fifty day moving average price is $273.44 and its 200-day moving average price is $333.74.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. 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, sell-side analysts anticipate that MongoDB will post -0.46 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% 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 Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,566 shares of company stock valued at $8,744,791 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC boosted its stake in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the period. International Assets Investment Management LLC bought a new position in shares of MongoDB in the fourth quarter worth about $33,000. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the period. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the fourth quarter worth about $38,000. Institutional investors own 89.29% of the company’s stock.

MongoDB News Roundup

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

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.