MongoDB's recent growth targets have raised questions about its stock valuation.
On October 9, 2026, MongoDB (MDB) updated its growth targets, leading to speculation about whether the stock is fully priced at its current valuation. The stock closed at US$379.79, reflecting a 2.29% increase for the day, with a weekly gain of 5.58% and a monthly increase of 4.31%. However, it has declined 7.08% year-to-date.
Investor takeaway: Investors should monitor MongoDB's performance closely as it works to meet its ambitious growth targets.
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MongoDB
MDB.US
MDB.US
MongoDB
WealthAwesomeMarket cap
$29.07B
P/E
502.0x
52W high
$473.10
52W low
$215.68
1W change
+5.58%
Beta
1.75
Analyst Price Targets
Based on 41 analysts covering MDB · as of Oct 5, 2026
Wall Street analysts forecast MDB stock price to rise 20.2% over the next 12 months.
Consensus
Buy4.37 / 5.00
Avg. Target
C$446.50
+20.2% Upside
Current Price
C$371.35
Last close
Analyst Breakdown (41 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MDB's historical volatility
30-Day Vol
89.7%
Annualized
90-Day Vol
72.6%
Annualized
Trend (90d)
+45.7%
Annualized drift
90d Mean
C$437.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$392.13 | C$287.73 – C$534.40 |
| 60 trading days | C$414.07 | C$267.27 – C$641.49 |
| 90 trading days | C$437.23 | C$255.78 – C$747.42 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Last close at US$379.79, with a market cap of US$29.07 billion.
MongoDB's stock currently trades at a high P/E ratio, suggesting it may be overvalued given its growth projections.
Bull case
The increased growth targets could signal strong future performance, which might attract more investors and potentially push the stock higher.
Bear case
MongoDB's high P/E ratio of 501.98 could discourage new investments, raising concerns about overvaluation despite its growth potential.
MongoDB Updates Growth Targets
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MongoDB announced its raised growth targets on October 9, 2026, leading to questions about the stock's current valuation. The company's last close was US$379.79, which is 3.4% below its 50-day moving average of US$392.96. The stock is also 11.1% above its 200-day moving average of US$341.99. Investors are now assessing the implications of these targets given that the stock is currently trading at 64% of its 52-week range, which spans from US$215.68 to US$473.10.
Stock Performance Metrics
As mentioned, MongoDB's stock increased by 2.29% on the day of the announcement, contributing to a weekly rise of 5.58% and a monthly increase of 4.31%. However, the stock has experienced a year-to-date decline of 7.08%. The trading volume for the day was 626,582 shares, which is significantly lower than the 20-day average volume of 3,073,309 shares, indicating reduced trading activity. The high P/E ratio of 501.98 further complicates the stock's valuation, suggesting that investors may be cautious.
Future Considerations for Investors
Looking ahead, investors are encouraged to keep an eye on MongoDB's ability to meet its ambitious growth targets. With an average analyst target of US$446.50, there is an implied potential upside of 17.6% from the current price. However, with a profit margin of only 2.1% and a return on equity (ROE) of 2.0%, MongoDB's financial health may warrant scrutiny. As the company navigates its updated growth strategy, investor sentiment will likely hinge on its performance against these metrics.
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