Peeling Back The Layers: Exploring MongoDB Through Analyst Insights
23 analysts have expressed a variety of opinions on MongoDB (NASDAQ:MDB) over the past quarter, offering a diverse set of opinions from bullish to bearish.
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 | 12 | 9 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 7 | 7 | 2 | 0 | 0 |
| 3M Ago | 3 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated MongoDB and provided 12-month price targets. The average target is $342.17, accompanied by a high estimate of $470.00 and a low estimate of $250.00. This current average represents a 22.55% decrease from the previous average price target of $441.81.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $300.00 | $350.00 |
| Ivan Feinseth | Tigress Financial | Lowers | Buy | $400.00 | $500.00 |
| Mike Cikos | Needham | Maintains | Buy | $290.00 | $290.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Perform | $250.00 | $385.00 |
| Tyler Radke | Citigroup | Lowers | Buy | $350.00 | $480.00 |
| Yun Kim | Loop Capital | Lowers | Buy | $315.00 | $415.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $290.00 | $458.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $325.00 | $435.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Overweight | $300.00 | $450.00 |
| Patrick Walravens | JMP Securities | Lowers | Market Outperform | $380.00 | $440.00 |
| Ittai Kidron | Oppenheimer | Lowers | Outperform | $300.00 | $480.00 |
| Brad Reback | Stifel | Lowers | Buy | $300.00 | $435.00 |
| Miller Jump | Truist Securities | Lowers | Buy | $300.00 | $475.00 |
| Matthew Broome | Mizuho | Lowers | Neutral | $250.00 | $380.00 |
| Sanjit Singh | Morgan Stanley | Lowers | Overweight | $320.00 | $455.00 |
| William Power | Baird | Lowers | Outperform | $305.00 | $450.00 |
| Mike Cikos | Needham | Lowers | Buy | $290.00 | $465.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $350.00 | $480.00 |
| Bradley Sills | B of A Securities | Lowers | Buy | $470.00 | $500.00 |
| Mike Cikos | Needham | Maintains | Buy | $465.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $465.00 | $465.00 |
| Yun Kim | Loop Capital | Announces | Buy | $415.00 | - |
| Michael Turits | Keybanc | Lowers | Overweight | $440.00 | $490.00 |
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 assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.
Capture valuable insights into MongoDB's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on MongoDB analyst ratings.
Unveiling the Story Behind 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.
A Deep Dive into MongoDB's Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: MongoDB displayed positive results in 3 months. As of 30 April, 2024, the company achieved a solid revenue growth rate of approximately 22.34%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower 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 -17.89%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MongoDB's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -6.89%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): MongoDB's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.73%, the company may face hurdles in achieving optimal financial returns.
Debt Management: MongoDB's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.93.
Analyst Ratings: What Are They?
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 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.