Stephens Cuts MongoDB (NASDAQ:MDB) Price Target to $372.00

Posted by Geri Gentry on Oct 3rd, 2026

MongoDB (NASDAQ:MDB – Free Report) had its price objective trimmed by Stephens from $398.00 to $372.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on MDB. Robert W. Baird upped their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. UBS Group decreased their price target on MongoDB from $460.00 to $410.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research report on Thursday, September 24th. Barclays increased their price target on shares of MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $470.00 target price (up from $400.00) on shares of MongoDB in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $462.59.

Get Our Latest Stock Analysis on MDB

MongoDB Trading Up 1.8%

Shares of MDB stock opened at $357.96 on Wednesday. The company’s 50-day moving average price is $391.09 and its 200-day moving average price is $333.18. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 504.17, a PEG ratio of 37.79 and a beta of 1.74.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the firm earned $1.00 EPS. MongoDB’s 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, equities research analysts predict that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the stock in a transaction dated 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 sale, the director directly owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,000 shares of company stock valued at $7,792,320 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MDB. Fiera Capital Corp raised its holdings in shares of MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after acquiring an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after acquiring an additional 21,273 shares during the last quarter. Entropy Technologies LP purchased a new stake in MongoDB during the 4th quarter worth about $6,050,000. Finally, Daventry Group LP increased its position in MongoDB by 21.3% during the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after purchasing an additional 14,412 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

About MongoDB

(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.

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.