What is Scotiabank’s Forecast for MongoDB FY2027 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Equities researchers at Scotiabank raised their FY2027 earnings per share estimates for MongoDB in a research note issued on Thursday, March 5th. Scotiabank analyst P. Colville now forecasts that the company will post earnings per share of $0.24 for the year, up from their previous estimate of $0.17. Scotiabank currently has a “Sector Outperform” rating and a $310.00 price target on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.78) per share.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird reissued a “neutral” rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a report on Tuesday. Oppenheimer reduced their target price on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Tuesday. Argus boosted their target price on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus dropped their price target on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Piper Sandler cut their price target on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $354.18.

MongoDB Stock Up 2.5%

Shares of MDB opened at $270.47 on Friday. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72. The stock has a fifty day simple moving average of $369.06 and a two-hundred day simple moving average of $350.98. The company has a market capitalization of $22.01 billion, a PE ratio of -307.35, a price-to-earnings-growth ratio of 393.66 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share.

Institutional Trading of MongoDB

Several hedge funds have recently added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after buying an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. grew its position in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp grew its position in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares during the last quarter. Amundi raised its stake in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the sale, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. The trade was a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,504 shares of company stock worth $13,389,622. Company insiders own 3.10% of the company’s stock.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Scotiabank upgraded MDB to “Sector Outperform”, raised its price target and boosted its FY2027 EPS forecast — a near‑term driver of buying interest. Scotiabank upgrades MongoDB (MDB)
• Positive Sentiment: MongoDB expanded AI capabilities in Atlas (new embedding models, vector search and APIs) — product progress that supports the long‑term growth thesis as customers build AI apps on Atlas. MongoDB Expands AI Capabilities: Is the Growth Thesis Strengthening?
• Positive Sentiment: Q4 results topped revenue and EPS expectations with Atlas contributing the bulk of revenue and 27% revenue growth year‑over‑year — supporting the company’s execution story despite mixed forward commentary. Should You Buy, Sell or Hold MongoDB Stock Post Q4 Earnings?
• Neutral Sentiment: Unusually large options volume (big buys of both calls and puts) indicates heightened short‑term speculative activity and hedging — adds volatility risk but not a directional signal on fundamentals.
• Negative Sentiment: Multiple sell‑side firms trimmed price targets in the last 24–36 hours (examples: Mizuho, UBS, Goldman, Piper Sandler and others), signaling reduced near‑term upside expectations from analysts. Mizuho Cuts MongoDB (NASDAQ:MDB) Price Target to $290.00 UBS Group Lowers MongoDB (NASDAQ:MDB) Price Target to $275.00
• Negative Sentiment: Management’s FY2027 guidance still implies operating losses and a slower recovery path; that guidance triggered a sharp selloff earlier and keeps upside contingent on faster margin improvement or stronger revenue acceleration. Why MongoDB (MDB) Is Down 19.1% After Mixed 2026 Results And Loss‑Heavy 2027 Guidance

About MongoDB

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.