During the last three months, 12 analysts shared their evaluations of MongoDB MDB, revealing diverse outlooks from bullish to bearish.
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 | 3 | 5 | 3 | 0 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 3 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $452.75, a high estimate of $543.00, and a low estimate of $272.00. Marking an increase of 7.8%, the current average surpasses the previous average price target of $420.00.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of MongoDB by financial experts. 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of MongoDB compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of MongoDB's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MongoDB's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on MongoDB analyst ratings.
All You Need to Know 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 an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: MongoDB's net margin excels beyond industry benchmarks, reaching -6.77%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): MongoDB's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -3.16%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): MongoDB's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -1.1%, the company showcases efficient use of assets and strong financial health.
Debt Management: MongoDB's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.22.
The Basics of Analyst Ratings
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.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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