MongoDB (MDB) Stock Forecast & Price Target

$324.60 -10.80 (-3.22%)

(As of 11/27/2024 06:05 PM ET)

MongoDB - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
1

Hold
5

Buy
20

Based on 26 Wall Street analysts who have issued ratings for MongoDB in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a sell rating, 5 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for MDB.

Consensus Price Target

$340.29
4.83% Upside

According to the 26 analysts' twelve-month price targets for MongoDB, the average price target is $340.29. The highest price target for MDB is $440.00, while the lowest price target for MDB is $272.00. The average price target represents a forecasted upside of 4.83% from the current price of $324.60.

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MDB Analyst Ratings Over Time

Type	Current Forecast 11/29/23 to 11/28/24	1 Month Ago 10/30/23 to 10/29/24	3 Months Ago 8/31/23 to 8/30/24	1 Year Ago 11/29/22 to 11/29/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	20 Buy rating(s)	21 Buy rating(s)	24 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$340.29	$337.96	$345.52	$419.74
Forecasted Upside	4.83% Upside	22.80% Upside	18.82% Upside	-0.18% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MDB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MDB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

MongoDB Stock vs. The Competition

Type	MongoDB	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.77	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.83% Upside	280.08% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent MDB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$335.00 ➝ $425.00	+24.50%
11/15/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$290.00 ➝ $345.00	+21.89%
10/17/2024	Wedbush 4 of 5 stars	D. Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/11/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$330.00 ➝ $340.00	+15.56%
9/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$350.00 ➝ $400.00	+38.06%
8/30/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$358.00 ➝ $360.00	+25.40%
Get the Latest News and Ratings for MDB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for MongoDB and its competitors with MarketBeat's FREE daily newsletter.
8/30/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$380.00 ➝ $380.00	+32.18%
8/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$250.00 ➝ $295.00	+4.38%
8/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$290.00 ➝ $335.00	+18.53%
8/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $350.00	+24.44%
8/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$250.00 ➝ $275.00	-2.22%
8/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$350.00 ➝ $350.00	+24.44%
8/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $320.00	+11.24%
8/30/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $325.00	+12.98%
8/30/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$300.00 ➝ $350.00	+42.44%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $350.00	+42.44%
8/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$320.00 ➝ $340.00	+38.37%
8/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$250.00 ➝ $275.00	+11.92%
7/11/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$500.00 ➝ $400.00	+60.78%
6/3/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
5/31/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$415.00 ➝ $315.00	+35.36%
5/31/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$435.00 ➝ $325.00	+40.61%
5/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$450.00 ➝ $305.00	-1.61%
5/28/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
4/18/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$490.00 ➝ $440.00	+28.37%
3/19/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Sell	$410.00 ➝ $295.00	-17.22%
11/8/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$427.00	+15.71%
9/5/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$435.00 ➝ $484.00	+22.66%
9/1/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$434.00 ➝ $456.00	+15.61%
6/26/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/26/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/23/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$420.00 ➝ $440.00	+13.30%
6/2/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
3/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$305.00 ➝ $250.00	+19.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:02 AM ET.

Should I Buy MongoDB Stock? MDB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these MongoDB pros and cons to contact@marketbeat.com.

MongoDB
Bull Case

Here are some ways that investors could benefit from investing in MongoDB, Inc.:

The company reported a revenue increase of 12.8% compared to the same quarter last year, indicating strong growth potential and demand for its database platform.
MongoDB, Inc. has received multiple upgrades from analysts, with price targets raised significantly, including a consensus target price of approximately $336.54, suggesting potential for stock appreciation.
Institutional ownership is high at 89.29%, which often indicates confidence from large investors in the company's future performance.
Analysts have given MongoDB, Inc. a consensus rating of "Moderate Buy," with 19 buy ratings and only one sell rating, reflecting overall positive sentiment in the market.
The current stock price is around $350.00, which is at the higher end of recent analyst price targets, suggesting that the stock is viewed favorably in the current market environment.

MongoDB
Bear Case

Investors should be bearish about investing in MongoDB, Inc. for these reasons:

The company is projected to post an earnings per share (EPS) of -2.39 for the current year, indicating ongoing losses that may concern potential investors.
Despite recent growth, one analyst has rated the stock with a sell rating, which could signal potential risks or concerns about the company's future performance.
MongoDB, Inc. operates in a highly competitive market, which may impact its ability to maintain growth and profitability against larger, established players.
Recent market volatility could affect investor sentiment and stock performance, particularly for growth-oriented companies like MongoDB, Inc.
While institutional ownership is high, it also means that any significant sell-off by these investors could lead to a sharp decline in stock price.

MDB Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for MongoDB is $340.29, with a high forecast of $440.00 and a low forecast of $272.00.
: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MDB shares.
: According to analysts, MongoDB's stock has a predicted upside of 4.83% based on their 12-month stock forecasts.
: Over the previous 90 days, MongoDB's stock had 1 upgrade by analysts.
: MongoDB has been rated by research analysts at Bank of America, Barclays, Citigroup, DA Davidson, JMP Securities, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like MongoDB more than other "computer and technology" companies. The consensus rating score for MongoDB is 2.77 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how MDB compares to other companies.

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This page (NASDAQ:MDB) was last updated on 11/28/2024 by MarketBeat.com Staff

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MongoDB (MDB) Stock Forecast & Price Target