Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on MongoDB MDB in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 5 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 3 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $464.64, a high estimate of $543.00, and a low estimate of $405.00. This upward trend is apparent, with the current average reflecting a 5.26% increase from the previous average price target of $441.43.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of MongoDB by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Eric Heath | Keybanc | Raises | Overweight | $543.00 | $500.00 |
| Rudy Kessinger | DA Davidson | Announces | Neutral | $405.00 | - |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $440.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $495.00 | - |
| Karl Keirstead | UBS | Lowers | Neutral | $410.00 | $475.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $420.00 | $330.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $475.00 | $445.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $478.00 | $470.00 |
| Mike Cikos | Needham | Raises | Buy | $495.00 | $445.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $500.00 | $425.00 |
| Brad Reback | Stifel | Maintains | Buy | $450.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MongoDB. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of MongoDB's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into MongoDB's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on MongoDB analyst ratings.
All You Need to Know About MongoDB
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
Understanding the Numbers: MongoDB's Finances
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: MongoDB's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 29.77%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: MongoDB's net margin is impressive, surpassing industry averages. With a net margin of -6.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): MongoDB's ROE stands out, surpassing industry averages. With an impressive ROE of -3.16%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): MongoDB's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.1% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: MongoDB's debt-to-equity ratio is below the industry average at 1.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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