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

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $465.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 30.63% from the company’s previous close.

MDB has been the subject of a number of other research reports. Barclays boosted their price target on MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. Stifel Nicolaus lowered their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group boosted their price target on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, KGI Securities initiated coverage on MongoDB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $465.25.

MongoDB Stock Up 5.6%

Shares of NASDAQ:MDB traded up $18.78 during midday trading on Wednesday, reaching $355.97. The company’s stock had a trading volume of 3,922,621 shares, compared to its average volume of 2,010,733. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 503.15, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The business has a 50 day moving average price of $387.97 and a 200 day moving average price of $331.74.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts anticipate that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director owned 452,896 shares in the company, valued at $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,000 shares of company stock worth $7,792,320 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Cassaday & Co Wealth Management LLC bought a new position in MongoDB during the 1st quarter valued at $34,000. Smallwood Wealth Investment Management LLC bought a new position in MongoDB during the 2nd quarter valued at $34,000. NBH Bank acquired a new stake in shares of MongoDB during the 2nd quarter valued at $34,000. CX Institutional lifted its position in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Investor Day highlighted new AI growth drivers. MongoDB introduced MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The company said MongoDB 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to handle unpredictable AI-driven demand. Management also outlined targets for more than 20% revenue growth, mid-20% Atlas growth, annual margin expansion of 100–200 basis points and GAAP profitability by fiscal 2027. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $519 price target, RBC maintained “outperform” at $465, Needham reiterated “buy” at $430 and BMO kept an “outperform” rating with a $420 target. A Seeking Alpha contributor also upgraded MDB to “buy” following Investor Day. MongoDB CEO’s parting gift to bulls
• Positive Sentiment: Options activity suggests increased bullish positioning. Traders bought 29,206 call options, approximately 40% above the stock’s average daily call volume, indicating heightened speculative interest.
• Neutral Sentiment: MongoDB partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. The partnership could support adoption, although its financial impact is not yet clear. Cognition and MongoDB partnership
• Negative Sentiment: CEO Chirantan “CJ” Desai’s abrupt move to Meta remains the key risk. MongoDB appointed former CEO Dev Ittycheria as interim chief executive, but investors remain concerned about leadership continuity and the possibility that Meta’s new enterprise AI initiative could compete with MongoDB. Stifel, Stephens and BMO lowered their price targets, despite maintaining positive or neutral ratings.

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.