MongoDB (MDB) Stock Forecast & Price Target

$279.77 -11.82 (-4.05%)

(As of 11/15/2024 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

$336.54
20.29% Upside

According to the 26 analysts' twelve-month price targets for MongoDB, the average price target is $336.54. 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 20.29% from the current price of $279.77.

MDB Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	20 Buy rating(s)	19 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	$336.54	$337.96	$355.74	$419.74
Forecasted Upside	20.29% Upside	22.65% Upside	38.45% Upside	6.92% Upside
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	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.29% Upside	551.81% Upside	9.87% 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
11/15/2024	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 3 of 5 stars	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%
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%
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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	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $335.00	+36.33%
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 Sunday at 03:49 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 Monday, November 4, 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.:

Strong Wall Street Analyst Ratings: MongoDB, Inc. has received multiple buy ratings from top analysts, with price targets well above the current stock price, indicating positive growth potential.
Recent Insider Selling: Insiders recently sold a significant number of shares, which could indicate confidence in the company's future performance and stability.
High Institutional Ownership: The company has a high percentage of institutional ownership, which can signal confidence from large investors and potentially lead to more stable stock performance.
Positive Stock Performance: Despite fluctuations, MongoDB, Inc. has shown resilience in its stock performance, with a market cap of $19.71 billion and a consensus rating of "Moderate Buy" from analysts.
Continued Product Innovation: MongoDB, Inc. continues to innovate its general purpose database platform, staying competitive in the tech industry and attracting potential investors looking for growth opportunities.

MongoDB
Bear Case

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

Volatility in Stock Price: MongoDB, Inc. has experienced fluctuations in its stock price, which may pose risks for investors seeking stable returns.
Debt-to-Equity Ratio: The company has a debt-to-equity ratio of 0.84, indicating a certain level of financial leverage that could impact its financial stability in the long run.
Market Sensitivity: MongoDB, Inc. has a beta of 1.15, suggesting that the stock price may be more volatile compared to the overall market, potentially leading to higher risks for investors.
Insider Selling Activity: Recent insider selling of company stock could raise concerns about the company's future performance or potential challenges ahead.
Competition in the Industry: MongoDB, Inc. operates in a competitive market, facing challenges from other database providers, which could impact its market share and growth prospects.

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 $336.54, with a high forecast of $440.00 and a low forecast of $272.00.
: 26 Wall Street 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 research analysts is that investors should "moderate buy" MDB shares.
: According to analysts, MongoDB's stock has a predicted upside of 20.29% 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 2.67. Learn more on how MDB compares to other companies.

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This page (NASDAQ:MDB) was last updated on 11/17/2024 by MarketBeat.com Staff

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MongoDB (MDB) Stock Forecast & Price Target