Canaccord Genuity Group Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target increased by Canaccord Genuity Group from $320.00 to $340.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

MDB has been the topic of several other research reports. Truist Financial upped their price target on shares of MongoDB from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $345.00 price target on shares of MongoDB in a research report on Wednesday. Morgan Stanley upped their price target on shares of MongoDB from $255.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Macquarie upped their price target on shares of MongoDB from $230.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $310.86.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $318.10 on Thursday. MongoDB has a 52 week low of $140.78 and a 52 week high of $370.00. The company’s fifty day moving average is $220.64 and its 200-day moving average is $207.09. The company has a market capitalization of $25.99 billion, a PE ratio of -324.59 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director directly owned 1,104,316 shares of the company’s stock, valued at $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,416 shares of company stock worth $11,936,656. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company’s stock valued at $108,957,000 after acquiring an additional 27,981 shares during the period. Lido Advisors LLC boosted its position in shares of MongoDB by 74.8% in the fourth quarter. Lido Advisors LLC now owns 1,208 shares of the company’s stock valued at $281,000 after acquiring an additional 517 shares during the period. AQR Capital Management LLC boosted its position in shares of MongoDB by 92.1% in the fourth quarter. AQR Capital Management LLC now owns 37,126 shares of the company’s stock valued at $8,643,000 after acquiring an additional 17,802 shares during the period. Utah Retirement Systems boosted its position in shares of MongoDB by 1.7% in the fourth quarter. Utah Retirement Systems now owns 11,840 shares of the company’s stock valued at $2,756,000 after acquiring an additional 200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of MongoDB by 196.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company’s stock valued at $10,268,000 after acquiring an additional 29,203 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.