MongoDB Stock Price (MDB) Set for New High on Earnings – Analysts Raise Targets

MongoDB's stock price (NASDAQ: MDB) appears set to reach a new high today after reporting impressive Q3 results and issuing strong guidance, prompting analysts to significantly raise their price targets on the stock. The company's stock is trading 24% higher in pre-market, reaching $408, handily passing the previous high of $385.44.

The surge follows MongoDB's Q3 earnings release, which revealed adjusted EPS of $1.32, substantially exceeding the consensus estimate of 79 cents. Revenue also surpassed expectations, coming in at $628.3 million compared to the anticipated $593.44 million. The company's own guidance was also exceeded. The markets are reacting positively to the robust figures and optimistic outlook.

MongoDB has also raised its FY26 EPS view to a range of $4.76 to $4.80, significantly higher than the previous estimate of $3.64 to $3.73, and the consensus of $3.75. Revenue expectations for FY26 were also increased to $2.434 billion to $2.439 billion, up from the prior range of $2.34 billion to $2.36 billion, and above the consensus estimate of $2.36 billion.

For the current quarter, Q4, MongoDB anticipates adjusted EPS of $1.44 to $1.48, well above the consensus of 93 cents, and revenue between $665 million and $670 million, exceeding the $624.78 million consensus.

The company's Q3 performance was driven by strength in Atlas, MongoDB's cloud database platform, which saw growth accelerate to 30% year-over-year. Management highlighted the company's ability to drive profitable growth and the increasing adoption of MongoDB's unified data platform across various industries and geographies. 

The Street Moves Higher on MDB

Citizens JMP analyst Patrick Walravens increased the firm's price target on MongoDB to $475 from $435, maintaining an Outperform rating. The analyst highlighted the company's better-than-expected Q3 results and guidance, viewing MongoDB as an attractive long-term investment opportunity.

Barclays also raised its price target, moving from $390 to $415, while keeping an Overweight rating. Barclays noted that MongoDB has outperformed expectations for the third consecutive quarter, leading to a significant guidance raise, which suggests the company is “back on track.”