MongoDB’s (MDB) Market Outperform Rating Reaffirmed at Citizens Jmp

Posted by Brenda Bartman on Sep 30th, 2026

MongoDB (NASDAQ:MDB – Get Free Report)‘s stock had its “market outperform” rating reaffirmed by stock analysts at Citizens Jmp in a report released on Wednesday, Benzinga reports. They presently have a $519.00 price target on the stock. Citizens Jmp’s target price would suggest a potential upside of 45.45% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Sanford C. Bernstein upped their price target on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Monday. The Goldman Sachs Group increased their price objective on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus reduced their price objective on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, UBS Group reiterated a “neutral” rating on shares of MongoDB in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $465.25.

Check Out Our Latest Analysis on MongoDB

MongoDB Stock Up 5.8%

NASDAQ:MDB traded up $19.64 during trading hours on Wednesday, reaching $356.83. 2,792,927 shares of the stock were exchanged, compared to its average volume of 2,002,372. The business has a 50-day moving average of $387.97 and a two-hundred day moving average of $331.74. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The company has a market capitalization of $28.74 billion, a price-to-earnings ratio of 503.43, a PEG ratio of 35.95 and a beta of 1.58.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping 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 company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The firm’s 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. On average, research analysts forecast that MongoDB will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the sale, the director owned 962,953 shares in the company, valued at $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 F. Cochran sold 1,000 shares of the business’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 value of $375,920.00. Following the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $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. Insiders sold 17,000 shares of company stock worth $7,792,320 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB during the first quarter worth about $34,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of MongoDB during the second quarter worth about $34,000. NBH Bank purchased a new position in shares of MongoDB during the second quarter worth about $34,000. CX Institutional grew its holdings in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other 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: MongoDB launched MongoDB 9.0, which offers up to 2x higher throughput, 35% faster reads and 30% faster updates, along with Atlas Infinite, a deployment option designed to handle highly variable AI-driven demand. These capabilities could support Atlas adoption and enterprise workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
Positive Sentiment: The company introduced Atlas Agent Engine, a platform combining execution, memory, retrieval and governance for production AI agents. MongoDB also partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
Positive Sentiment: Analysts continue to see long-term upside. Needham reaffirmed a “buy” rating with a $430 target, while BMO Capital Markets and Stifel maintained bullish ratings despite reducing their targets to $420 and $385, respectively. Stephens assigned an “equal weight” rating with a $372 target.
Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim chief executive and reaffirmed its third-quarter and full-year fiscal 2027 guidance, suggesting the leadership transition has not yet changed operating expectations. Investors will look for evidence of continuity at Investor Day and in upcoming results. MongoDB stock drops after CEO exit
Negative Sentiment: Desai’s sudden exit, less than a year into his tenure and immediately before Investor Day, raised concerns about strategic continuity and execution. His move to Meta also creates a potential competitive threat because Meta’s enterprise platform may target the same developers and corporate customers as MongoDB. MongoDB falls after CEO Desai’s exit
Negative Sentiment: The target-price reductions reflect greater uncertainty and a valuation that leaves limited room for execution mistakes. MongoDB’s elevated valuation and relatively thin net margin make the stock particularly sensitive to leadership, growth and competitive concerns.

About MongoDB

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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.