MongoDB - MDB Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 3 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MDB shares.
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21 brokerages have issued 12-month price objectives for MongoDB's shares. Their MDB share price forecasts range from $170.00 to $630.00. On average, they predict the company's share price to reach $284.00 in the next twelve months. This suggests a possible upside of 46.1% from the stock's current price.
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MongoDB's stock was trading at $529.35 at the beginning of 2022. Since then, MDB stock has decreased by 63.3% and is now trading at $194.43.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
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MongoDB, Inc. (NASDAQ:MDB) posted its quarterly earnings data on Monday, December, 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.27. The business earned $226.89 million during the quarter, compared to analysts' expectations of $205.18 million. MongoDB had a negative net margin of 30.73% and a negative trailing twelve-month return on equity of 52.80%. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.98) earnings per share.

MongoDB updated its fourth quarter earnings guidance on Tuesday, December, 6th. The company provided earnings per share (EPS) guidance of $0.06-0.08 for the period, compared to the consensus earnings per share estimate of ($0.13). The company issued revenue guidance of $334-337 million, compared to the consensus revenue estimate of $314.84 million.

346 employees have rated MongoDB Chief Executive Officer Dev Ittycheria on Glassdoor.com. Dev Ittycheria has an approval rating of 97% among the company's employees. This puts Dev Ittycheria in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other MongoDB investors own include NVIDIA (NVDA), Trade Desk (TTD), Okta (OKTA), Shopify (SHOP), Twilio (TWLO), Salesforce (CRM), Block (SQ), PayPal (PYPL), Alibaba Group (BABA) and Netflix (NFLX).

(MDB) raised $152 million in an IPO on Thursday, October 19th 2017. The company issued 8,000,000 shares at $18.00-$20.00 per share. Morgan Stanley, Goldman Sachs, Barclays and Allen & Company served as the underwriters for the IPO and Stifel and Canaccord Genuity JMP Securities were co-managers.

MongoDB trades on the NASDAQ under the ticker symbol "MDB."

MongoDB's stock is owned by many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (9.95%), Vanguard Group Inc. (8.92%), State Street Corp (1.96%), Citadel Advisors LLC (0.00%), TD Asset Management Inc. (1.05%) and Marshall Wace LLP (1.01%). Insiders that own company stock include Archana Agrawal, Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, Eliot Horowitz, Etienne Montagut, Hope F Cochran, John Dennis Mcmahon, Mark Porter, Michael Lawrence Gordon, Ronald N Tutor and Thomas Bull.
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Shares of MDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDB stock can currently be purchased for approximately $194.43.

MongoDB (NASDAQ:MDB) has a market capitalization of $13.36 billion and generates $873.78 million in revenue each year. The company earns $-306,870,000.00 in net income (profit) each year or ($5.37) on an earnings per share basis.

The company employs 3,544 workers across the globe.

MongoDB's mailing address is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. The official website for the company is www.mongodb.com. The company can be reached via phone at (646) 727-4092 or via email at ir@mongodb.com.