Decoding 26 Analyst Evaluations For MongoDB

MONGODB -2.15%





In the latest quarter, 26 analysts provided ratings for MongoDB (NASDAQ:MDB), showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 11 9 4 0 2
Last 30D 1 0 0 0 0
1M Ago 8 7 2 0 2
2M Ago 1 1 0 0 0
3M Ago 1 1 2 0 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $447.46, a high estimate of $550.00, and a low estimate of $272.00. Highlighting a 4.26% decrease, the current average has fallen from the previous average price target of $467.37.

price target chart

Diving into Analyst Ratings: An In-Depth Exploration

A comprehensive examination of how financial experts perceive MongoDB is derived from recent analyst actions. The following is a detailed summary of 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 $500.00 $495.00
Alex Haissl Redburn Atlantic Announces Sell $295.00 -
Brad Reback Stifel Maintains Buy $435.00 -
Firoz Valliji Bernstein Raises Outperform $491.00 $484.00
Patrick Walravens JMP Securities Maintains Market Outperform $440.00 -
Bradley Sills B of A Securities Lowers Buy $500.00 $555.00
David Hynes Canaccord Genuity Lowers Buy $435.00 $450.00
Rishi Jaluria RBC Capital Maintains Outperform $475.00 -
Brad Reback Stifel Lowers Buy $435.00 $475.00
Matthew Broome Mizuho Lowers Neutral $380.00 $420.00
Eric Heath Keybanc Lowers Overweight $490.00 $543.00
Brent Bracelin Piper Sandler Lowers Overweight $480.00 $500.00
Miller Jump Truist Securities Lowers Buy $475.00 $500.00
Patrick Colville Scotiabank Lowers Sector Perform $385.00 $400.00
Rudy Kessinger DA Davidson Raises Buy $430.00 $405.00
Andrew Nowinski Wells Fargo Lowers Overweight $450.00 $500.00
Mike Cikos Needham Lowers Buy $465.00 $495.00
Raimo Lenschow Barclays Lowers Overweight $458.00 $478.00
Tyler Radke Citigroup Raises Buy $550.00 $515.00
Howard Ma Guggenheim Raises Sell $272.00 $250.00
Miller Jump Truist Securities Raises Buy $500.00 $440.00
Eric Heath Keybanc Raises Overweight $543.00 $500.00
Rudy Kessinger DA Davidson Announces Neutral $405.00 -
Patrick Walravens JMP Securities Maintains Market Outperform $440.00 -
Mike Cikos Needham Maintains Buy $495.00 -
Karl Keirstead UBS Lowers Neutral $410.00 $475.00

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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MongoDB compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MongoDB's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of MongoDB's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on MongoDB analyst ratings.

About MongoDB

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. 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 Milestones: MongoDB's Journey

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

Revenue Growth: MongoDB displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 26.76%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -12.11%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): MongoDB's ROE stands out, surpassing industry averages. With an impressive ROE of -5.45%, 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 -1.99% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: With a below-average debt-to-equity ratio of 1.11, MongoDB adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: What Are They?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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