29 analysts have expressed a variety of opinions on MongoDB MDB over the past quarter, offering a diverse set of opinions from bullish to bearish.
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 | 12 | 13 | 3 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 10 | 12 | 3 | 0 | 1 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for MongoDB, presenting an average target of $379.66, a high estimate of $430.00, and a low estimate of $220.00. Witnessing a positive shift, the current average has risen by 10.35% from the previous average price target of $344.04.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Ivan Feinseth | Tigress Financial | Raises | Buy | $430.00 | $400.00 |
| Blair Abernethy | Rosenblatt | Announces | Buy | $350.00 | - |
| Tyler Radke | Citigroup | Raises | Buy | $430.00 | $400.00 |
| Brian White | Monness, Crespi, Hardt | Announces | Sell | $220.00 | - |
| Steve Koenig | Macquarie | Announces | Neutral | $300.00 | - |
| David Hynes | Canaccord Genuity | Raises | Buy | $385.00 | $325.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $380.00 | $380.00 |
| Andrew Nowinski | Wells Fargo | Raises | Overweight | $425.00 | $350.00 |
| Miller Jump | Truist Securities | Raises | Buy | $400.00 | $320.00 |
| Eric Heath | Keybanc | Raises | Overweight | $395.00 | $375.00 |
| Brad Reback | Stifel | Raises | Buy | $425.00 | $360.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $400.00 | $350.00 |
| Rudy Kessinger | DA Davidson | Raises | Buy | $405.00 | $340.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $400.00 | $350.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $390.00 | $340.00 |
| Patrick Colville | Scotiabank | Raises | Sector Perform | $350.00 | $295.00 |
| William Power | Baird | Raises | Outperform | $390.00 | $380.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $320.00 | $275.00 |
| Sanjit Singh | Morgan Stanley | Raises | Overweight | $350.00 | $340.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $400.00 | $375.00 |
| Mike Cikos | Needham | Raises | Buy | $415.00 | $335.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $425.00 | $425.00 |
| Brad Reback | Stifel | Raises | Buy | $360.00 | $325.00 |
| Eric Heath | Keybanc | Raises | Overweight | $375.00 | $330.00 |
| William Power | Baird | Raises | Outperform | $380.00 | $305.00 |
| Yun Kim | Loop Capital | Raises | Buy | $400.00 | $315.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $425.00 | $335.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $345.00 | $290.00 |
| Rudy Kessinger | DA Davidson | Raises | Buy | $340.00 | $330.00 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of MongoDB's stock. This comparison reveals trends in analysts' expectations over time.
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.
Get to Know MongoDB Better
Founded in 2007, MongoDB is a document-oriented database. 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.
Financial Insights: MongoDB
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: MongoDB's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 22.27%. This indicates 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 -1.85%, 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 -0.68%, 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 -0.31% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.77, MongoDB adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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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