MongoDB (NASDAQ:MDB) Given New $435.00 Price Target at Citigroup

MongoDB (NASDAQ:MDB) had its price objective trimmed by Citigroup from $525.00 to $435.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on MDB. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Piper Sandler reissued an “overweight” rating and issued a $490.00 target price (up from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Truist Financial lifted their target price on shares of MongoDB from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Macquarie Infrastructure raised their price target on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.24.

MongoDB Stock Up 2.3%

Shares of MDB stock opened at $312.51 on Tuesday. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of -359.21 and a beta of 1.38. The stock has a fifty day moving average of $391.28 and a 200 day moving average of $348.35. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after purchasing an additional 16,896 shares during the last quarter. Pacer Advisors Inc. lifted its position in MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after buying an additional 3,077 shares during the last quarter. Penserra Capital Management LLC boosted its stake in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after buying an additional 39,978 shares during the period. Pinegrove Venture Partners LLC bought a new position in MongoDB during the third quarter valued at $1,032,000. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of MongoDB in the third quarter valued at $40,014,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Institutional investor interest — Artisan Mid Cap Fund reiterated/added to its position, citing confidence in MongoDB’s Atlas cloud franchise, which supports longer‑term demand for the shares. Artisan Mid Cap Fund Bets on MongoDB’s Atlas cloud platform
• Positive Sentiment: Brokerage consensus remains constructive — analysts’ aggregate view is a “Moderate Buy,” indicating continued street support that can stabilize the stock after declines. MongoDB Given Consensus Recommendation of Moderate Buy
• Positive Sentiment: Earnings setup looks favorable — analysts and Zacks note expectations for earnings growth ahead of MongoDB’s upcoming report, which presents a possible catalyst for a rebound if the firm delivers a beat. MongoDB Earnings Expected to Grow
• Neutral Sentiment: Analyst price‑target revision — Citigroup lowered its MDB target from $525 to $435 but kept a Buy rating; that reduces upside compared with prior targets but still implies meaningful upside from current levels. This is supportive but dampens the upside case. Citigroup Lowers Price Target
• Negative Sentiment: Macro shock — shares plunged after the White House said it would raise global tariffs to 15%, a headline that triggered a rapid sell‑off in growth/tech names and pressured MongoDB. That policy risk remains a near‑term headwind. Why MongoDB Stock Is Nosediving
• Negative Sentiment: Recent price weakness — the stock recently settled substantially lower (reports of an ~11% intraday drop), reflecting selling pressure that could persist until macro/headline risk fades or until earnings transparency returns. MongoDB Declines More Than Market

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.