monness, crespi, hardt upgrades mongodb stock rating to buy

Published 05/06/2025, 14:30
monness, crespi, hardt upgrades mongodb stock rating to buy

On Thursday, Monness, Crespi, Hardt analysts upgraded MongoDB stock (NASDAQ: NASDAQ:MDB) from Neutral to Buy, setting a new price target of $295. Currently trading at $199.73, MongoDB shows potential upside according to analyst consensus, with targets ranging from $170 to $430. The upgrade follows a positive assessment of MongoDB’s performance in the first quarter of fiscal year 2026, with the company executing well and Atlas, its cloud database service, showing accelerated growth.

The analysts noted that while Atlas consumption experienced a decline in April due to macroeconomic uncertainty, it rebounded in May. According to InvestingPro data, MongoDB maintains strong financial health with a current ratio of 5.2 and holds more cash than debt on its balance sheet. The company has demonstrated robust revenue growth of 19.2% over the last twelve months, with an impressive gross profit margin of 73.3%. MongoDB has adopted a conservative approach in setting expectations for its role in the generative AI sector, but the analysts believe the company will play an important part in this area.

For the second quarter of fiscal year 2026, MongoDB projects sales between $548 million and $553 million, an operating profit of $55 million to $59 million, and earnings per share (EPS) of $0.62 to $0.66. These figures are in line with or slightly above Wall Street expectations. InvestingPro analysis reveals 12 additional key insights about MongoDB’s performance and potential, including its profitability outlook and market positioning. For the full fiscal year, MongoDB has revised its forecasts, now expecting sales of $2.250 billion to $2.290 billion, an operating profit of $267 million to $287 million, and EPS of $2.94 to $3.12.

Monness, Crespi, Hardt analysts have also adjusted their own forecasts, raising the second-quarter revenue prediction to $573.3 million, a 20% increase, and revising the EPS estimate to $0.93. For the full fiscal year, their sales forecast has been increased to $2.379 billion, up 19%, with an EPS estimate now at $4.11. For comprehensive analysis and detailed metrics about MongoDB’s performance and outlook, access the full Pro Research Report available on InvestingPro.

In other recent news, MongoDB reported a strong quarterly performance with a revenue increase of approximately 4% and a significant improvement in operating margin. The company added 2,600 new customers, marking its best new customer acquisition quarter in six years. Following these results, MongoDB’s management raised its fiscal year 2026 guidance by $10 million. Analysts at Stifel maintained a Buy rating on MongoDB, while Loop Capital, Piper Sandler, Scotiabank (TSX:BNS), and Guggenheim all raised their price targets, reflecting optimism about the company’s growth prospects.

Loop Capital increased its price target to $230, citing solid growth in MongoDB’s Cloud Atlas business. Piper Sandler raised its price target to $275, noting the accelerated growth of the Atlas platform. Scotiabank adjusted its price target to $230, highlighting MongoDB’s impressive first-quarter performance despite competitive pressures. Guggenheim increased its price target to $260, emphasizing the growth of the Atlas business and the company’s improved outlook.

MongoDB’s strategic initiatives, including a $1 billion share repurchase program and the addition of veteran technology CFO Mike Berry, are expected to stabilize investor confidence. The company’s focus on expanding its core and emerging product drivers positions it well for future revenue expansion. MongoDB aims to maintain over 20% revenue growth in Atlas, supporting high-teens revenue growth overall.

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