MongoDB (NASDAQ:MDB) Given New $385.00 Price Target at Stifel Nicolaus

30 Sep 2026, 14:48 by Danessa Lincoln · The Markets Daily

MongoDB (NASDAQ:MDB – Get Free Report) had its price objective lowered by stock analysts at Stifel Nicolaus from $465.00 to $385.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 14.18% from the company’s current price.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. William Blair restated an “outperform” rating on shares of MongoDB in a research report on Monday. The Goldman Sachs Group upped their price objective on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Piper Sandler restated an “overweight” rating and set a $470.00 target price (up from $400.00) on shares of MongoDB in a report on Wednesday, September 2nd. Finally, Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, September 24th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $466.19.

Read Our Latest Stock Report on MDB

MongoDB Stock Up 0.7%

MongoDB stock opened at $337.19 on Wednesday. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a 50-day simple moving average of $387.97 and a 200 day simple moving average of $331.74. The stock has a market capitalization of $27.16 billion, a price-to-earnings ratio of 474.92, a P/E/G ratio of 35.95 and a beta of 1.58.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the prior year, the business earned $1.00 earnings per share. MongoDB’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. As a group, sell-side analysts anticipate that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling

In other news, Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 962,953 shares of the company’s stock, valued at $453,156,052.27. This trade represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the stock in a transaction 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 transaction, the director owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,000 shares of company stock valued at $7,792,320. Insiders own 2.60% 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. Arrowstreet Capital Limited Partnership raised its stake in MongoDB by 21.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares during the period. Capital World Investors boosted its holdings in shares of MongoDB by 129.1% during the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after buying an additional 552,434 shares during the period. Fred Alger Management LLC boosted its holdings in shares of MongoDB by 7.3% during the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after buying an additional 38,225 shares during the period. Bank of America Corp DE grew its stake in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after buying an additional 1,852 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the period. 89.29% of the stock is owned by institutional investors.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: MongoDB unveiled MongoDB 9.0, Atlas Infinite and Atlas Agent Engine at its Investor Day. The company says MongoDB 9.0 offers 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 launches MongoDB 9.0 and Atlas Infinite
Positive Sentiment: The partnership with Cognition, creator of Devin, is intended to help customers modernize legacy infrastructure faster and migrate workloads to MongoDB Atlas, potentially supporting enterprise adoption. Cognition and MongoDB partnership
Positive Sentiment: MongoDB reaffirmed its fiscal 2027 third-quarter and full-year guidance following the CEO transition, suggesting that management does not currently see a material deterioration in demand. DA Davidson also maintained a Buy rating with a $465 price target. What’s going on with MongoDB stock
Neutral Sentiment: Former CEO Dev Ittycheria was named interim chief executive while MongoDB searches for a permanent successor. His prior experience leading the company provides continuity, but the search timeline and long-term strategy remain important investor concerns. MongoDB stock drops after CEO exit
Negative Sentiment: CEO Chirantan “CJ” Desai left immediately to lead Meta’s new enterprise platform. Investors are concerned about execution, strategy and the loss of an executive who knows MongoDB’s products and customers; Meta’s initiative could also become a direct competitor. MongoDB CEO Desai steps down to lead Meta’s enterprise platform
Negative Sentiment: The selloff has intensified concerns about valuation. MongoDB trades at elevated earnings and sales multiples despite thin profitability, leaving limited room for execution setbacks or slower Atlas growth. Should you buy the dip in MongoDB stock

MongoDB Company Profile

(Get Free Report)

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.