Stifel Nicolaus Cuts MongoDB (NASDAQ:MDB) Price Target to $385.00

03 Oct 2026, 02:18 by Doug Wharley · The Cerbat Gem

MongoDB (NASDAQ:MDB – Free Report) had its target price cut by Stifel Nicolaus from $465.00 to $385.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on MDB. Robert W. Baird raised their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Canaccord Genuity Group increased their price objective on MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Citizens Jmp reissued a “market outperform” rating and issued a $519.00 price objective on shares of MongoDB in a research note on Wednesday, September 2nd. UBS Group reduced their price objective on MongoDB from $460.00 to $410.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. Finally, Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $462.59.

View Our Latest Analysis on MDB

MongoDB Trading Up 1.8%

NASDAQ MDB opened at $357.96 on Wednesday. The stock has a market cap of $28.84 billion, a PE ratio of 504.17, a PEG ratio of 37.79 and a beta of 1.74. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The company’s 50-day moving average price is $391.09 and its 200-day moving average price is $333.18.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts forecast that MongoDB will post 0.47 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,000 shares of company stock valued at $7,792,320 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fiera Capital Corp raised its position in shares of MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after purchasing an additional 21,273 shares during the last quarter. Entropy Technologies LP purchased a new position in MongoDB in the fourth quarter valued at about $6,050,000. Finally, Daventry Group LP grew its stake in MongoDB by 21.3% in the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after purchasing an additional 14,412 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

MongoDB Company Profile

(Get Free Report)

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.