Should I buy MongoDB stock in 2025? (New Zealand Edition)

What is MongoDB?

How much is the MongoDB stock?

The price of MongoDB stock is rising this week. As of now, MDB trades at USD $189.36, showing a 0.48% increase over the past 24 hours and a 2.35% gain this week.

MongoDB currently does not report a trailing P/E ratio due to recent losses, and there is no dividend yield. Its 5-year beta of 1.49 signals higher volatility compared to the broader market.

Investors in New Zealand should note this share’s rapid price shifts and potential growth, balancing opportunity against risk.

Our full analysis on the MongoDB stock

After an in-depth review of MongoDB’s (NASDAQ: MDB) latest financial results and a rigorous evaluation of its stock performance over the past three years, our analysis—leveraging proprietary algorithms to blend financial indicators, technical signals, sector metrics, and peer comparisons—offers a timely perspective for sophisticated investors. Recent developments in the technology sector, combined with tangible momentum across MongoDB’s revenue streams and cloud leadership, are converging at a pivotal juncture. So, why might MongoDB stock once again represent a strategic entry point into the infrastructure software sector in 2025?

Recent Performance and Market Context

MongoDB’s recent share price trajectory has been marked by pronounced volatility, yet underlying this is a story of resilience and renewal. As of 30 May 2025, MDB is trading at $189.36, up 0.48% intraday and +2.35% over the past week. However, the stock has declined by more than 40% over the last six months and is down 43.3% year-on-year. This correction has shifted its valuation closer to technical support, potentially offering investors an attractive entry point after a period of sector-wide derating in high-growth technology names.

Despite recent share price weakness, the broader context is improving. Key positive events include the February 2025 acquisition of Voyage AI—strengthening MongoDB’s artificial intelligence (AI) capabilities and positioning the firm at the intersection of cloud database growth and next-generation data services. The appointment of Mike Berry as CFO in April brings deep operational expertise as MongoDB pivots towards profitability. Meanwhile, Q4 FY2025 results exceeded expectations, with quarterly revenue of $548.4M outpacing consensus by over 5%. Importantly, Atlas (the cloud-managed database segment) continues to outperform, growing at 24% year-over-year and now constituting 70% of total revenue versus only 23% in 2019.

At the macro level, the structural drivers remain firmly in MongoDB’s favour. Enterprises around the globe are accelerating digital transformation, investing heavily in agile, cloud-native architectures. NoSQL databases—where MongoDB is a recognized leader—are at the core of this shift, with the global market for NoSQL databases projected to grow at double-digit rates through 2030. New Zealand’s own modernization push within both public and private sectors further amplifies the relevance of such infrastructure investments.

Technical Analysis

Technical signals for MDB as of late May 2025 are showing growing strength amid recent stabilisation. The stock’s 20-day moving average sits at $183.56 and its 50-day average at $176.49—both delivering clear buy signals, suggesting a reversal in short-term momentum. While the 100-day moving average ($214.98) and 200-day average ($246.21) remain above the current price, the narrowing gap reflects an emerging consolidation phase rather than sustained decline.

Oscillator readings offer additional optimism. The 14-day RSI registers 56.18, nudging into slightly overbought territory but still allowing scope for extension. The MACD (12,26,9) stands at 3.27 with a pronounced buy signal, indicating bullish momentum is building. The formation of higher lows since the stock’s recent bottom at $140.78 (its 52-week low) has established a robust support level, while the 52-week high at $370.00 sets a long-term bullish target should sentiment recover.

Notably, the current price hovers near the top of its 25-day Bollinger Band ($190.15), indicating that breakout moves may be forthcoming should volume continue trending up. The technical structure now favours accumulation on pullbacks, with the risk/reward profile skewed towards recovery given the depth of the recent correction.

Fundamental Analysis

MongoDB’s fundamentals remain compelling despite recent top-line headwinds. FY2025 results confirm the resilience of its business model: annual revenue hit $2.01B—up an impressive 19% year-on-year—while quarterly revenue growth outperformed expectations. Atlas again stood out, with cloud revenues surging 24% in Q4 YoY, reinforcing MongoDB’s ongoing success in transitioning from licensing to recurring, high-margin cloud subscriptions.

Although FY2025 closed with a net loss of $129.07M (EPS: -$1.74), the company’s focus on operational efficiency is gaining traction. Notably, Q4 marked MongoDB’s first-ever quarterly profitability, signalling that scale and margin expansion are now locked into strategic execution. The company guides for 12-14% annual growth in FY2026—representing the slowest pace since its 2017 IPO, yet still best-in-class among database infrastructure specialists given the macro environment.

Valuation remains at a forward premium, with a projected P/E of 71.94. Some may see this as elevated, yet such multiples are consistent with high-growth SaaS leaders at inflection points, especially as guidance turns more conservative to manage near-term volatility. The Price/Sales ratio, anchored by top-tier revenue retention rates and robust client expansion (now over 52,600 customers globally), is justified by the sheer depth of MongoDB’s competitive moat. The absence of dividend payments signals that retained cash is being channelled into R&D and strategic acquisitions—a hallmark of innovation-led growth.

Structurally, MongoDB occupies a dominant role in the NoSQL space, renowned for best-in-class developer experience and seamless cloud integration. Its commitment to continual product enhancement, exemplified by the Voyage AI acquisition, is consolidating its edge as AI and big data workloads proliferate. Brand strength and global reach (with clients across six continents and strong presence in APAC) further insulate MDB from competitive threats.

Volume and Liquidity

Trading liquidity remains robust and supportive of price discovery. The average daily trading volume over the past three months stands at 2.64 million shares, underscoring deep institutional engagement and efficient execution for both retail and professional investors. A market capitalization of $15.47 billion and a float of over 81.7 million shares further facilitate dynamic valuation, mitigating the risk of sharp liquidity-driven price distortions.

Recent sessions have seen consistent upticks in trading volume—coinciding with both technical rebounds and fundamental milestones (notably earnings and M&A announcements). This pattern of elevated turnover after price resets is often a precursor to medium-term re-rating phases, as was observed in previous MongoDB recovery cycles. Such liquidity is a vital asset in the current environment, offering nimble investors both entry and exit flexibility without undue slippage.

Catalysts and Positive Outlook

• Atlas growth: Now responsible for 70% of group revenue, Atlas’s momentum is driving the company’s recurring revenue base and providing high visibility into future cash flows. Its cloud-native approach is resonating with enterprise clients seeking scalable, managed data services.
• AI innovation: The strategic buyout of Voyage AI for $220 million in early 2025 has significantly augmented MongoDB’s artificial intelligence capabilities, broadening its platform appeal and opening new vertical use cases—particularly relevant as organizations prioritize automation and predictive analytics in their digital strategies.
• Digital transformation supercycle: The enduring transition from legacy systems to cloud-first data architectures remains in full swing globally. MongoDB is uniquely positioned to serve as a foundational pillar for businesses modernizing at scale, including those in New Zealand’s fast-evolving tech and innovation ecosystem.
• Favourable analyst consensus: With 30 analysts covering MDB and a consensus “Buy” rating, sentiment is solidly bullish. The consensus price target stands at $290.27—a potential upside of over 53% from current levels—suggesting market participants see room for significant revaluation as execution improves and sector multiples stabilise.
• Strong governance: Skilled leadership (notably CEO Dev Ittycheria and new CFO Mike Berry) is well regarded in capital markets and tasked with guiding MongoDB through a pivotal scaling phase.

Regulatory tailwinds, ongoing cloud adoption, and increasing demand for database infrastructure across Asia-Pacific further reinforce the constructive long-term backdrop for companies in MongoDB’s domain.

Investment Strategies

• Short-term: For active traders, the stock’s current consolidation just above well-established support ($140.78) and positive technical signals (RSI, MACD, and moving averages trending upward) present opportunities to capture momentum ahead of upcoming events—most notably the June earnings release, which often acts as a catalyst for renewed upward price action.
• Medium-term: Investors seeking several months’ horizon can look to initiate positions as MDB maintains a base and tests recovery above its 20- and 50-day moving averages. Any near-term pullbacks are likely to draw buying interest given oversold conditions relative to long-run growth prospects and the company’s proven ability to execute against guidance.
• Long-term: For investors with a multi-year thesis, current valuation levels, following a 40%+ reset, may represent an excellent intermediate-term entry. With Atlas growth, the AI expansion, and MongoDB’s entrenched customer base (over 52,600 clients worldwide), the potential for compounded returns remains robust as digital transformation accelerates through 2030 and beyond.

Ideal positioning strategies thus combine accumulation at technical lows—especially near high-volume support bands—with incremental deployment ahead of earnings or uptrends driven by company announcements and sector tailwinds.

Is it the Right Time to Buy MongoDB?

The investment narrative for MongoDB is underpinned by resilience, innovation, and sustained sector leadership. The company’s accelerated growth in cloud databases, seamless execution in AI integration, and strong global brand support a view that current price levels may be an inflection point—not only for a technical rebound but for a fundamental re-rating as well.

With a more than 40% drawdown over the last six months, current valuations seem to present an excellent opportunity for investors seeking exposure to the core enablers of digital transformation. The fundamentals—solid growth, first signs of profitability, world-class product suite, and a market-recognized leadership team—justify renewed institutional and retail interest. The consensus price target, which hints at a potential 50%+ upside, is grounded in both robust sector trends and MongoDB’s unique attributes as a data infrastructure leader.

While risk factors remain—such as a measured guidance for FY2026 and heightened competition—the conditions appear favourable for investors willing to look beyond near-term noise. The convergence of technical and operational strengths suggests that MongoDB may be entering a new bullish phase, well-positioned to benefit from the global shift to cloud-native, intelligent data solutions.

In summary, for those prepared to combine discipline with a forward-looking perspective, MongoDB offers an exceptional blend of innovation, market leadership, and long-term structural tailwinds. Such a profile seems to justify serious attention as a high-conviction investment opportunity in the technology infrastructure space—right as the sector prepares for its next wave of growth.

How to buy MongoDB stock in New Zealand?

Buying MongoDB (MDB) stock online is straightforward and secure for New Zealand investors, thanks to regulated online brokers. You have two main ways to invest: a spot (cash) purchase, where you own the shares directly, or trading Contracts for Difference (CFDs), which allow you to speculate on the price movements without direct ownership. Both approaches can be accessed through leading NZ and international brokerage platforms, each with different fees and features. To help you make the best choice, you’ll find an in-depth broker comparison further down the page.

Spot buying

A spot (or cash) purchase means buying MongoDB shares outright, making you a part-owner of the company. Your shares are held in your name, and you benefit directly from any price appreciation and voting rights (if available). Most online brokers that cater to New Zealanders charge a fixed commission per trade, often around NZ$3–NZ$15, plus a small FX conversion fee if depositing in NZD.

Example

Suppose the current MongoDB share price is US$189.36. With an NZ$1,000 deposit (around US$610 after currency exchange and fees), you can buy approximately 3 shares, including an estimated NZ$8 (about US$5) brokerage fee.

✔️ Gain scenario

If MongoDB's share price rises by 10%, your 3 shares are now worth US$630. This results in a gross gain of US$61, or roughly NZ$100, representing a 10% return on your initial investment.

Trading via CFD

CFD trading allows you to speculate on MongoDB share price movements without owning the stock outright. With CFDs, you can go long (bet on a price increase) or short (bet on a decrease), often using leverage to magnify your position. CFD brokers typically make money via the bid/ask spread and charge overnight financing fees if you hold leveraged positions after market close.

Example

You invest NZ$1,000 as margin and use 5x leverage, giving you effective exposure to NZ$5,000 of MongoDB shares. If the share price climbs by 8%, your position gains 8% × 5 = 40% (a NZ$400 gain on your NZ$1,000 stake), not accounting for spreads or overnight fees.

✔️ Gain scenario

A movement of just 8% in the share price could deliver a NZ$400 profit—four times your initial investment—thanks to leverage. Keep in mind, however, that losses can also be magnified.

Final advice

Before investing in MongoDB, it’s essential to carefully compare brokers’ fees, foreign exchange rates, account features, and the safety of your funds. Whether you opt for direct share ownership or CFD trading depends on your investment goals, risk tolerance, and time horizon. Each method offers unique advantages, so review our broker comparison below to find the approach that fits you best.

Our 7 tips for buying MongoDB stock

The latest news about MongoDB

MongoDB shares have rebounded 2.35% over the past week, showing signs of renewed investor interest. This performance comes after a turbulent period, with the stock declining over 40% in the previous six months. The recent price action aligns with positive technical signals: the 20-day and 50-day moving averages have transitioned to buy signals, and the MACD indicator is also bullish. For New Zealand investors, who often track US tech stocks for portfolio diversification and exposure to global cloud innovation, these developments suggest that the worst of the correction might be behind, with the stock finding support above its 52-week low and market sentiment gradually improving.

MongoDB has significantly exceeded analyst expectations in its latest quarterly revenue report, recording 20% year-over-year growth. The company announced revenues of $548.4 million for Q4 FY2025, surpassing analyst consensus by nearly $29 million. Its flagship Atlas cloud platform grew 24% year-over-year and now comprises 70% of total revenue. These results reinforce MongoDB’s reputation not only as a NoSQL leader but also as a scalable SaaS provider – a characteristic valued by enterprise and public sector clients in New Zealand, where adoption of cloud-native, innovative data solutions is rising, notably in banking, retail, and government digital transformation projects.

The acquisition of Voyage AI positions MongoDB at the forefront of artificial intelligence integration in cloud databases. In February 2025, MongoDB finalized its acquisition of Voyage AI for $220 million, enhancing its AI and machine learning capabilities. This strategic move is expected to accelerate product development for AI-powered services within MongoDB Atlas, directly catering to demand from innovation-focused APAC markets, including New Zealand. Companies and institutions in NZ seeking secure, intelligent data infrastructure can leverage these advancements, aligning with national strategies to foster local AI R&D and digital competitiveness.

Market consensus remains strongly positive, with analysts maintaining a “Buy” rating and a 53% target upside. Despite sector volatility, thirty major financial analysts tracking MongoDB continue to recommend the stock, citing its technological leadership, rapid cloud expansion, and solid customer base exceeding 52,600 clients globally. The consensus target price is $290.27, well above current levels, reflecting confidence in MongoDB’s medium-term growth potential. For professional investors in New Zealand managing international equities on behalf of KiwiSaver or superannuation clients, this outlook provides a compelling rationale to consider maintaining or increasing exposure should the company’s fundamentals remain intact.

MongoDB continues to expand its international cloud presence, supporting existing and prospective New Zealand enterprise users. While MongoDB does not have a direct physical office in New Zealand, it maintains a strong regional presence via partnerships, APAC support hubs, and serving major organisations through its cloud infrastructure. Local demand for MongoDB Atlas is growing in industries such as fintech, logistics, and digital government services, where NZ entities require scalable and secure data platforms. The company’s ongoing investment in cloud and AI innovation increases the attractiveness of MongoDB as a data platform for New Zealand’s digital economy and could facilitate further commercial partnerships or public sector contracts in the region.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.