In the preceding three months, 26 analysts have released ratings for MongoDB MDB, presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 10 | 3 | 0 | 2 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 1 |
| 2M Ago | 9 | 7 | 2 | 0 | 1 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $447.46, a high estimate of $550.00, and a low estimate of $272.00. This current average represents a 4.42% decrease from the previous average price target of $468.16.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of MongoDB among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Turits | Keybanc | Lowers | Overweight | $440.00 | $490.00 |
| Mike Cikos | Needham | Maintains | Buy | $465.00 | - |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $500.00 | $495.00 |
| Alex Haissl | Redburn Atlantic | Announces | Sell | $295.00 | - |
| Brad Reback | Stifel | Maintains | Buy | $435.00 | - |
| Firoz Valliji | Bernstein | Raises | Outperform | $491.00 | $484.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $440.00 | - |
| Bradley Sills | B of A Securities | Lowers | Buy | $500.00 | $555.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $435.00 | $450.00 |
| Rishi Jaluria | RBC Capital | Maintains | Outperform | $475.00 | - |
| Brad Reback | Stifel | Lowers | Buy | $435.00 | $475.00 |
| Matthew Broome | Mizuho | Lowers | Neutral | $380.00 | $420.00 |
| Eric Heath | Keybanc | Lowers | Overweight | $490.00 | $543.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $480.00 | $500.00 |
| Miller Jump | Truist Securities | Lowers | Buy | $475.00 | $500.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Perform | $385.00 | $400.00 |
| Rudy Kessinger | DA Davidson | Raises | Buy | $430.00 | $405.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Overweight | $450.00 | $500.00 |
| Mike Cikos | Needham | Lowers | Buy | $465.00 | $495.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $458.00 | $478.00 |
| Tyler Radke | Citigroup | Raises | Buy | $550.00 | $515.00 |
| Howard Ma | Guggenheim | Raises | Sell | $272.00 | $250.00 |
| Miller Jump | Truist Securities | Raises | Buy | $500.00 | $440.00 |
| 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 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MongoDB. This offers insight into analysts' perspectives on 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: Analysts predict movements in price targets, offering estimates for MongoDB's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of MongoDB's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on MongoDB analyst ratings.
Discovering MongoDB: A Closer Look
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.
Key Indicators: MongoDB's Financial Health
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: MongoDB displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 26.76%. This indicates a notable 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -12.11%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MongoDB's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -5.45% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -1.99%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.11.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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