Truist Financial Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its price objective raised by equities research analysts at Truist Financial from $400.00 to $450.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 10.85% from the company’s current price.

A number of other brokerages have also recently issued reports on MDB. JMP Securities boosted their price objective on shares of MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a report on Friday, September 19th. Needham & Company LLC boosted their price target on shares of MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America raised their price objective on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets boosted their target price on MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Sanford C. Bernstein raised their price target on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $412.25.

MongoDB Stock Performance

Shares of MDB stock opened at $405.94 on Tuesday. The firm’s 50 day moving average price is $336.98 and its two-hundred day moving average price is $271.32. The stock has a market cap of $33.03 billion, a PE ratio of -466.60 and a beta of 1.45. MongoDB has a 52-week low of $140.78 and a 52-week high of $419.50.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.11% and a negative net margin of 3.06%.The firm had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The company’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. As a group, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

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

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Allworth Financial LP lifted its stake in MongoDB by 23.1% in the 3rd quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock valued at $362,000 after purchasing an additional 219 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of MongoDB by 33.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,056 shares during the period. Cambria Investment Management L.P. increased its holdings in shares of MongoDB by 1.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock worth $2,188,000 after acquiring an additional 102 shares during the last quarter. Strategic Advocates LLC bought a new stake in MongoDB in the 3rd quarter valued at $43,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in MongoDB during the 3rd quarter valued at $909,000. 89.29% of the stock is owned by institutional investors.

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.