MongoDB (MDB) Stock Forecast & Price Target

$292.86

+0.17 (+0.06%)

(As of 10/11/2024 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, and 20 have given a buy rating for MDB.

Consensus Price Target

$337.96
15.40% Upside

According to the 26 analysts' twelve-month price targets for MongoDB, the average price target is $337.96. 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 15.40% from the current price of $292.86.

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MDB Analyst Ratings Over Time

Type	Current Forecast 10/13/23 to 10/12/24	1 Month Ago 9/13/23 to 9/12/24	3 Months Ago 7/15/23 to 7/14/24	1 Year Ago 10/13/22 to 10/13/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	20 Buy rating(s)	19 Buy rating(s)	22 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$337.96	$337.56	$355.74	$416.31
Forecasted Upside	15.40% Upside	14.36% Upside	40.51% Upside	18.71% 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	2.73	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.40% Upside	1,684.28% Upside	6.83% Upside
News Sentiment Rating	Neutral 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
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 3 of 5 stars		Boost Target	Buy ➝ Buy	$350.00 ➝ $400.00	+38.06%
8/30/2024	Sanford C. Bernstein 3 of 5 stars		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%
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%
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	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	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$458.00 ➝ $290.00	+24.61%
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%
3/9/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$240.00 ➝ $230.00	+0.57%
10/18/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:00 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, October 7, 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, indicating positive growth potential and market confidence.
Consistent Revenue Growth: The company has shown a 12.8% increase in revenue year-over-year, demonstrating a healthy financial performance.
Positive Price Target Revisions: Analysts have raised price targets for MongoDB, Inc., suggesting optimism about the company's future growth and profitability.
Market Dominance: MongoDB, Inc. is a leading provider of a general-purpose database platform globally, indicating a strong market position and potential for further expansion.
Current Stock Price: MongoDB, Inc.'s current stock price of $268.64 presents a potential buying opportunity for investors looking to enter the market at a relatively lower price point.

MongoDB
Bear Case

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

High Price-to-Earnings Ratio: MongoDB, Inc. currently has a price-to-earnings ratio of -95.01, which may indicate overvaluation or market expectations that are not in line with the company's financial performance.
Debt-to-Equity Ratio: With a debt-to-equity ratio of 0.84, MongoDB, Inc. carries a significant level of debt that could pose risks in case of economic downturns or financial challenges.
Market Volatility: MongoDB, Inc. operates in a sector with a beta of 1.15, indicating higher volatility compared to the overall market, which could lead to fluctuations in stock price and investment returns.
Analyst Divergence: While most analysts have a positive outlook on MongoDB, Inc., there is a sell rating from one analyst, suggesting differing opinions on the company's future prospects.
1-Year Stock Performance: MongoDB, Inc.'s stock has seen a 1-year low of $212.74 and a high of $509.62, indicating potential price volatility and uncertainty in the market.

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 $337.96, 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 year. There is currently 1 sell rating, 5 hold ratings and 20 buy ratings 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 15.40% based on their 12-month stock forecasts.
: MongoDB has been rated by research analysts at Bank of America, 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, 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 2.73 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how MDB compares to other companies.