MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as “Outperform” by Royal Bank Of Canada

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $465.00 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 31.70% from the company’s current price.

A number of other brokerages have also commented on MDB. Stifel Nicolaus cut their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings upgraded MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Stephens lowered their target price on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday. Rosenblatt Securities upped their price target on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Barclays increased their price target on MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $465.25.

MongoDB Stock Up 4.7%

Shares of MDB stock traded up $15.90 during mid-day trading on Wednesday, reaching $353.09. 4,374,833 shares of the stock traded hands, compared to its average volume of 2,013,553. The company has a market cap of $28.44 billion, a price-to-earnings ratio of 496.51, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. The stock’s fifty day simple moving average is $387.97 and its two-hundred day simple moving average is $331.74. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts anticipate that MongoDB will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the transaction, the director owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the transaction, the director owned 962,953 shares in the company, valued at $453,156,052.27. This represents a 1.03% 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 a total of 17,000 shares of company stock worth $7,792,320 in the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Arrowstreet Capital Limited Partnership raised its position in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after purchasing an additional 239,338 shares during the period. Capital World Investors grew its position in MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after purchasing an additional 552,434 shares during the period. Fred Alger Management LLC grew its position in MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after purchasing an additional 38,225 shares during the period. Employees Provident Fund Board bought a new stake in MongoDB during the 4th quarter valued at $203,365,000. Finally, Polar Capital Holdings Plc increased its stake in MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Investor Day showcased MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. MongoDB says version 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to scale rapidly for unpredictable AI workloads. MongoDB 9.0 and Atlas Infinite announcement
• Positive Sentiment: Management presented AI as a long-term growth driver, targeting revenue growth above 20%, mid-20% Atlas growth, annual margin expansion of 100–200 basis points and GAAP profitability by fiscal 2027. The company also reaffirmed its existing financial outlook despite the leadership change. MongoDB rating upgrade and Investor Day analysis
• Positive Sentiment: Analyst support remains favorable. Citizens JMP maintained a Market Outperform rating with a $519 target, while RBC, Needham and DA Davidson reiterated positive ratings with targets ranging from $430 to $465. BMO and Stifel lowered targets but still retained Outperform or Buy ratings.
• Positive Sentiment: Options activity turned bullish, with approximately 29,206 call contracts purchased—about 40% above average daily call volume—suggesting traders are positioning for further recovery. Options bulls pick up MongoDB stock after selloff
• Neutral Sentiment: MongoDB and Cognition launched Devin for MongoDB Modernizations, intended to help enterprises migrate legacy infrastructure more quickly and potentially expand Atlas adoption. Cognition and MongoDB partnership announcement
• Negative Sentiment: Desai’s immediate move to Meta to lead an enterprise AI initiative remains the primary overhang. MongoDB appointed former CEO Dev Ittycheria as interim CEO, but investors still face uncertainty around succession and strategic execution. MongoDB CEO departure article
• Negative Sentiment: Even after the selloff, valuation remains demanding, increasing sensitivity to execution risks and further leadership concerns.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.