MongoDB (MDB) Stock Forecast & Price Target

$257.63

-12.72 (-4.71%)

(As of 10/1/2024 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

$337.56
31.03% Upside

According to the 26 analysts' twelve-month price targets for MongoDB, the average price target is $337.56. 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 31.03% from the current price of $257.63.

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MDB Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
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)	21 Buy rating(s)	19 Buy rating(s)	21 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$337.56	$345.52	$361.30	$418.08
Forecasted Upside	31.03% Upside	18.82% Upside	36.37% Upside	19.77% 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	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	28.69% Upside	1,683.67% Upside	6.55% 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
9/3/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$350.00 ➝ $400.00	+38.06%
8/30/2024	DA Davidson 3 of 5 stars	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$265.00 ➝ $330.00	+13.48%
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 Tuesday at 10:26 PM 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 Tuesday, September 24, 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 Earnings Performance: MongoDB, Inc. reported earnings per share of $0.70 for the quarter, surpassing the consensus estimate by $0.21. This indicates a positive financial performance that could attract investors seeking profitable opportunities.
Revenue Growth: The company generated $478.11 million in revenue during the quarter, exceeding analysts' expectations. This consistent revenue growth demonstrates the company's ability to increase its market share and profitability.
Institutional Support: Major institutional investors like Vanguard Group Inc. and Jennison Associates LLC have significantly increased their holdings in MongoDB, Inc. This institutional backing can provide stability and confidence to individual investors.
Positive Analyst Ratings: Analysts have given MongoDB, Inc. favorable ratings, with many setting high target prices and buy recommendations. This positive sentiment from analysts can influence investor confidence and drive stock performance.
Insider Transactions: Despite recent insider selling, the company's executive and director still hold significant shares in MongoDB, Inc. This alignment of interests between insiders and shareholders can signal confidence in the company's future prospects.

MongoDB
Bear Case

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

Negative Net Margin: MongoDB, Inc. has a negative net margin of 12.08%, indicating that the company's profitability is currently under pressure. Investors may be concerned about the company's ability to generate sustainable profits.
Negative Return on Equity: With a negative return on equity of 15.06%, MongoDB, Inc. is not efficiently utilizing shareholder equity to generate returns. This could deter investors looking for companies with strong returns on investment.
High Price Volatility: MongoDB, Inc.'s stock price has shown significant volatility in recent periods, which can lead to unpredictable returns for investors. High price volatility may not be suitable for risk-averse investors.
Analyst Concerns: While most analysts have a positive outlook on MongoDB, Inc., there is still one analyst with a sell rating on the stock. Differing opinions among analysts could create uncertainty in the market and impact stock performance.
Ownership Concentration: A significant portion of MongoDB, Inc.'s stock is owned by institutional investors, indicating a high level of ownership concentration. This concentration may limit individual investors' influence on company decisions and governance.

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 $337.56, with a high forecast of $440.00 and a low forecast of $272.00.
: 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MDB shares.
: According to analysts, MongoDB's stock has a predicted upside of 31.03% 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, Tigress Financial, 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 2.65. Learn more on how MDB compares to other companies.

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This page (NASDAQ:MDB) was last updated on 10/1/2024 by MarketBeat.com Staff

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