Citizens JMP Remains a Buy on MongoDB (MDB)

In a report released today, Patrick Walravens from Citizens JMP reiterated a Buy rating on MongoDB (MDB – Research Report), with a price target of $345.00. The company’s shares closed yesterday at $199.73.

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According to TipRanks, Walravens is a 5-star analyst with an average return of 8.5% and a 52.58% success rate. Walravens covers the Technology sector, focusing on stocks such as DocuSign, Domo, and Sprinklr.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MongoDB with a $257.00 average price target, representing a 28.67% upside. In a report released today, Citi also maintained a Buy rating on the stock with a $330.00 price target.

Based on MongoDB’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $548.4 million and a net profit of $15.83 million. In comparison, last year the company earned a revenue of $458 million and had a GAAP net loss of $55.46 million

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year. Most recently, in April 2025, Dev Ittycheria, the President & CEO of MDB sold 18,512.00 shares for a total of $3,207,389.12.