Guggenheim Reaffirms Buy Rating for MongoDB (NASDAQ:MDB)

Posted by Stanley Muller on May 29th, 2026

MongoDB (NASDAQ:MDB – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Guggenheim in a report released on Friday,Benzinga reports. They presently have a $475.00 price objective on the stock. Guggenheim’s target price points to a potential upside of 54.55% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Oppenheimer increased their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday. Finally, BMO Capital Markets raised their price objective on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $383.23.

Check Out Our Latest Analysis on MDB

MongoDB Trading Down 5.6%

NASDAQ:MDB traded down $18.34 during mid-day trading on Friday, hitting $307.34. The company had a trading volume of 3,390,418 shares, compared to its average volume of 1,925,406. The business has a fifty day simple moving average of $272.10 and a 200-day simple moving average of $333.73. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of -351.87 and a beta of 1.48. MongoDB has a 1 year low of $182.43 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts anticipate that MongoDB will post -0.46 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the sale, the director directly owned 993,316 shares of the company’s stock, valued at $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,566 shares of company stock valued at $8,744,791 over the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. raised its holdings in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares during the period. Norges Bank acquired a new position in shares of MongoDB in the 4th quarter valued at about $574,821,000. AQR Capital Management LLC grew its position in shares of MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. grew its position in shares of MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in MongoDB by 162.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after acquiring an additional 678,746 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: MongoDB reported first-quarter fiscal 2027 results that beat expectations, with revenue up about 25% year over year to $687.6 million and EPS of $1.32 topping estimates. The company also raised full-year and Q2 guidance well above Wall Street forecasts, which is supporting bullish sentiment. MongoDB Announces First Quarter Fiscal 2027 Financial Results
Positive Sentiment: Analysts turned more constructive after the report, with Oppenheimer, Mizuho, Monness Crespi & Hardt, BMO Capital Markets, Cantor Fitzgerald, and Canaccord all raising price targets and maintaining buy/outperform-style ratings. The new targets cluster around the low-$400s, implying meaningful upside from current levels. Analyst price target updates
Neutral Sentiment: Several earnings-transcript articles are circulating as investors parse management’s comments on Atlas growth, AI demand, and the company’s outlook. These discussions are helping traders gauge whether growth is becoming more predictable, but they are not a separate catalyst on their own. MongoDB Q1 2027 Earnings Call Transcript
Negative Sentiment: Some commentary noted that investors worried the company’s remarks about Atlas growth becoming more predictable could signal a softer near-term growth trajectory, which may explain some intraday volatility even after the earnings beat. Why MDB Stock Is Up Overnight After Wild Ride Today

About MongoDB

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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.