Providing a diverse range of perspectives from bullish to bearish, 39 analysts have published ratings on MongoDB MDB in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 20 | 15 | 3 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 6 | 7 | 1 | 0 | 0 |
| 2M Ago | 4 | 1 | 0 | 0 | 0 |
| 3M Ago | 9 | 7 | 2 | 0 | 1 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $401.64, with a high estimate of $550.00 and a low estimate of $250.00. Highlighting a 14.15% decrease, the current average has fallen from the previous average price target of $467.84.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of MongoDB by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Tyler Radke | Citigroup | Lowers | Buy | $350.00 | $480.00 |
| Yun Kim | Loop Capital | Lowers | Buy | $315.00 | $415.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $290.00 | $458.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $325.00 | $435.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Overweight | $300.00 | $450.00 |
| Patrick Walravens | JMP Securities | Lowers | Market Outperform | $380.00 | $440.00 |
| Ittai Kidron | Oppenheimer | Lowers | Outperform | $300.00 | $480.00 |
| Brad Reback | Stifel | Lowers | Buy | $300.00 | $435.00 |
| Miller Jump | Truist Securities | Lowers | Buy | $300.00 | $475.00 |
| Matthew Broome | Mizuho | Lowers | Neutral | $250.00 | $380.00 |
| Sanjit Singh | Morgan Stanley | Lowers | Overweight | $320.00 | $455.00 |
| William Power | Baird | Lowers | Outperform | $305.00 | $450.00 |
| Mike Cikos | Needham | Lowers | Buy | $290.00 | $465.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $350.00 | $480.00 |
| Bradley Sills | B of A Securities | Lowers | Buy | $470.00 | $500.00 |
| Mike Cikos | Needham | Maintains | Buy | $465.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $465.00 | - |
| Yun Kim | Loop Capital | Announces | Buy | $415.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MongoDB. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of MongoDB's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on MongoDB analyst ratings.
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.
MongoDB: A Financial Overview
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Negative Revenue Trend: Examining MongoDB's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -1.62% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: MongoDB's net margin excels beyond industry benchmarks, reaching -17.89%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): MongoDB's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -6.89%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): MongoDB's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.73%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: MongoDB's debt-to-equity ratio is below the industry average at 0.93, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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