Fintel reports that on March 5, 2026, Scotiabank upgraded their outlook for MongoDB (NasdaqGM:MDB) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 83.46% Upside
As of February 25, 2026, the average one-year price target for MongoDB is $454.99/share. The forecasts range from a low of $252.50 to a high of $577.50. The average price target represents an increase of 83.46% from its latest reported closing price of $248.01 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MongoDB is 3,394MM, an increase of 37.75%. The projected annual non-GAAP EPS is 5.82, an increase of 116.86% from the prior forecast.
What is the Fund Sentiment?
There are 1,055 funds or institutions reporting positions in MongoDB. This is an decrease of 225 owner(s) or 17.58% in the last quarter. Average portfolio weight of all funds dedicated to MDB is 0.27%, an increase of 1.94%. Total shares owned by institutions decreased in the last three months by 10.43% to 72,777K shares. 
The put/call ratio of MDB is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 1,865K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 1,953K shares , representing a decrease of 4.73%. The firm decreased its portfolio allocation in MDB by 33.77% over the last quarter.
D. E. Shaw holds 1,458K shares representing 1.79% ownership of the company. In its prior filing, the firm reported owning 1,342K shares , representing an increase of 7.91%. The firm increased its portfolio allocation in MDB by 1.86% over the last quarter.
Geode Capital Management holds 1,444K shares representing 1.77% ownership of the company. In its prior filing, the firm reported owning 1,435K shares , representing an increase of 0.67%. The firm decreased its portfolio allocation in MDB by 29.79% over the last quarter.
ValueAct Holdings holds 1,407K shares representing 1.73% ownership of the company. In its prior filing, the firm reported owning 2,118K shares , representing a decrease of 50.57%. The firm increased its portfolio allocation in MDB by 35.72% over the last quarter.
Norges Bank holds 1,370K shares representing 1.68% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
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