Throughout the last three months, 13 analysts have evaluated MongoDB MDB, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for MongoDB, revealing an average target of $446.92, a high estimate of $500.00, and a low estimate of $335.00. Observing a 1.41% increase, the current average has risen from the previous average price target of $440.71.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of MongoDB among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Karl Keirstead | UBS | Lowers | Neutral | $410.00 | $475.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $420.00 | $330.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $475.00 | $445.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $478.00 | $470.00 |
| Mike Cikos | Needham | Raises | Buy | $495.00 | $445.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $500.00 | $425.00 |
| Brad Reback | Stifel | Maintains | Buy | $450.00 | - |
| Andrew Nowinski | Wells Fargo | Announces | Overweight | $500.00 | - |
| Miller Jump | Truist Securities | Maintains | Buy | $430.00 | - |
| Connor Murphy | Capital One | Announces | Overweight | $427.00 | - |
| Michael Turits | Keybanc | Lowers | Overweight | $440.00 | $495.00 |
| Bradley Sills | B of A Securities | Announces | Buy | $450.00 | - |
| Patrick Colville | Scotiabank | Announces | Sector Perform | $335.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MongoDB. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of MongoDB's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into MongoDB's market standing. Stay informed and make well-considered 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.
Understanding the Numbers: MongoDB's Finances
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, MongoDB showcased positive performance, achieving a revenue growth rate of 29.77% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: MongoDB's net margin is impressive, surpassing industry averages. With a net margin of -6.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -3.16%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): MongoDB's ROA stands out, surpassing industry averages. With an impressive ROA of -1.1%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MongoDB's debt-to-equity ratio is below the industry average. With a ratio of 1.22, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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