Ratings for MongoDB MDB were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 3 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $460.0, a high estimate of $500.00, and a low estimate of $410.00. This current average reflects an increase of 6.56% from the previous average price target of $431.67.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of MongoDB by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| 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 | - |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for MongoDB's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
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.
Understanding the Numbers: MongoDB's Finances
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: MongoDB displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 29.77%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -6.77%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MongoDB's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.16% ROE, the company effectively utilizes shareholder 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 at 1.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
