Citigroup Cuts MongoDB (NASDAQ:MDB) Price Target to $435.00

MongoDB (NASDAQ:MDB) had its price target cut by Citigroup from $525.00 to $435.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

MDB has been the subject of a number of other reports. Rosenblatt Securities raised their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Piper Sandler reiterated an “overweight” rating and set a $490.00 price objective (up from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Argus boosted their target price on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, UBS Group upped their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $416.15.

MongoDB Price Performance

NASDAQ MDB opened at $336.61 on Tuesday. The stock has a market capitalization of $27.40 billion, a P/E ratio of -386.91 and a beta of 1.38. The business has a 50 day simple moving average of $387.56 and a 200 day simple moving average of $348.04. MongoDB has a one year low of $140.78 and a one year high of $444.72.

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

Insider Buying and Selling

In other news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director owned 194,600 shares in the company, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the transaction, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is owned by company insiders.

Institutional Trading of MongoDB

Several institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC grew its position in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in MongoDB in the 2nd quarter valued at about $329,000. AlphaQuest LLC lifted its position in shares of MongoDB by 257.1% during the 2nd quarter. AlphaQuest LLC now owns 650 shares of the company’s stock worth $136,000 after buying an additional 468 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of MongoDB during the 2nd quarter worth approximately $718,000. 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: Thesis that MongoDB is moving from a cloud beneficiary to a core AI infrastructure provider — supports a longer-term growth narrative and investor appetite for AI-exposed names. MongoDB: From Cloud Beneficiary To Core AI Infrastructure
• Positive Sentiment: Zacks pieces highlight strong Atlas momentum, rising large customers and focus on upbeat Q4 guidance expectations — these fundamentals can support near-term upside into the print. Should You Add MongoDB Stock to Your Portfolio Ahead of Q4 Earnings?
• Positive Sentiment: Inclusion of MDB on a Zacks list of AI‑powered internet software stocks reinforces investor positioning of MongoDB as an AI beneficiary. 5 AI-Powered Internet Software Stocks to Boost Your Portfolio in 2026
• Neutral Sentiment: DA Davidson cut its price target to $385 (from $465) but kept a Buy rating, saying it expects a “strong” Q4 and guidance roughly in line to slightly ahead of consensus — the maintained Buy provides support even as peer multiples decline. MongoDB price target lowered to $385 from $465 at DA Davidson
• Neutral Sentiment: BMO trimmed its target to $400 (from $455) but kept an Outperform rating — another example of analysts lowering targets while remaining constructive on fundamentals. BMO lowers price target to $400
• Neutral Sentiment: Zacks preview of Wall Street estimates examines key metrics beyond headline revenue/EPS — useful context for parsing the upcoming report but not an immediate catalyst. Unveiling MongoDB (MDB) Q4 Outlook
• Negative Sentiment: Critical analysis argues MongoDB is a quality business trading at an overpriced multiple — raises valuation risk and could prompt profit‑taking by longer‑term holders. MongoDB: A Quality Infrastructure Business At An Overpriced Multiple
• Negative Sentiment: Coverage noting a prior tariff-driven 13% drop and AI-related uncertainty highlights macro and policy risks that can magnify volatility for MDB. A Look At MongoDB (MDB) Valuation After Tariff Driven 13% Share Price Drop And AI Related Uncertainty
• Negative Sentiment: Citigroup issued a pessimistic forecast for MDB — adds to the negative analyst noise that could cap gains if guidance disappoints. Citigroup Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

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.