MongoDB (NASDAQ:MDB) Upgraded at Scotiabank

Scotiabank upgraded shares of MongoDB (NASDAQ:MDB) from a sector perform rating to a sector outperform rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $310.00 price target on the stock, up from their prior price target of $275.00. Scotiabank also issued estimates for MongoDB’s FY2027 earnings at $0.24 EPS.

Several other equities analysts have also issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $475.00 price target on shares of MongoDB in a report on Tuesday, March 3rd. Canaccord Genuity Group reduced their target price on MongoDB from $455.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Mizuho decreased their target price on MongoDB from $380.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Citigroup lowered their price target on MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Zacks Research lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.18.

MongoDB Price Performance

MongoDB stock opened at $270.47 on Thursday. The company’s 50 day simple moving average is $369.06 and its 200 day simple moving average is $351.90. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of -307.35, a PEG ratio of 403.42 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 earnings per share. As a group, analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction dated 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. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 10,784 shares in the company, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,504 shares of company stock valued at $13,389,622 in the last 90 days. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in MDB. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in MongoDB during the fourth quarter worth $28,000. Huntington National Bank grew its position in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the fourth quarter valued at $33,000. Finally, Montag A & Associates Inc. increased its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

More MongoDB News

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.