MongoDB (NASDAQ:MDB) Price Target Raised to $500.00 at Truist Financial

MongoDB (NASDAQ:MDB) had its price target boosted by Truist Financial from $450.00 to $500.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank lifted their price target on shares of MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research report on Monday. Guggenheim upped their price target on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Finally, Barclays boosted their target price on MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $418.40.

MongoDB Stock Performance

Shares of MongoDB stock opened at $440.60 on Wednesday. The firm has a market cap of $35.86 billion, a PE ratio of -506.44 and a beta of 1.38. The business’s 50 day simple moving average is $386.76 and its 200 day simple moving average is $310.42. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities research analysts predict that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director directly owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the completion of the sale, the director owned 1,069,316 shares of the company’s stock, valued at $333,220,251.92. This trade represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 81,023 shares of company stock worth $30,382,587 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB in the fourth quarter valued at approximately $28,000. Huntington National Bank lifted its position in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. TD Private Client Wealth LLC lifted its position in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 3rd quarter worth $37,000. Finally, Westside Investment Management Inc. raised its stake in MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. 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: Several brokerages lifted targets and reiterated buy ratings (Needham, Truist, RBC, Oppenheimer), increasing upside expectations and likely drawing buying interest from institutions and momentum traders. Broker upgrades roundup
• Positive Sentiment: Analysts and coverage noted renewed AI optimism coming out of CES 2026, framing MongoDB as a beneficiary of AI-driven data needs—this narrative supports higher valuation multiples and investor appetite. AI/CES valuation piece
• Positive Sentiment: The stock hit a 52‑week high, a technical signal that can attract momentum flows and index/ETF rebalances. 52-week high article
• Positive Sentiment: Analysts highlight MongoDB’s expanding partner ecosystem (developer tools, hyperscalers) as a durable adoption tailwind that lowers friction and supports recurring revenue growth. Partner ecosystem analysis
• Neutral Sentiment: Inclusion on “momentum” lists and broad analyst roundups increases visibility and can amplify short-term flows, but these are echoing existing bullish views rather than introducing new fundamental catalysts. Momentum list Analyst roundup
• Negative Sentiment: A director (Dwight A. Merriman) disclosed sale of 1,054 shares — a small reduction relative to his holding; insider selling can be interpreted negatively by some investors, though the size appears immaterial to the company’s ownership base. Insider sale filing

MongoDB Company Profile

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.