MongoDB - MDB Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDB shares.
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19 equities research analysts have issued 12-month price targets for MongoDB's shares. Their MDB share price forecasts range from $190.00 to $630.00. On average, they anticipate the company's stock price to reach $372.39 in the next year. This suggests a possible upside of 86.9% from the stock's current price.
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MongoDB's stock was trading at $529.35 at the beginning of the year. Since then, MDB shares have decreased by 62.4% and is now trading at $199.20.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 5th 2022.
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MongoDB, Inc. (NASDAQ:MDB) posted its earnings results on Wednesday, August, 31st. The company reported ($1.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.52) by $0.17. The company earned $303.66 million during the quarter, compared to the consensus estimate of $282.31 million. MongoDB had a negative trailing twelve-month return on equity of 52.05% and a negative net margin of 33.43%. The firm's quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the business earned ($1.15) earnings per share.

MongoDB issued an update on its FY 2023 earnings guidance on Wednesday, September, 28th. The company provided EPS guidance of -$0.35--$0.28 for the period, compared to the consensus estimate of -$0.21. The company issued revenue guidance of $1.20 billion-$1.21 billion, compared to the consensus revenue estimate of $1.19 billion.

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 initial public offering 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 acted 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 a variety of institutional and retail investors. Top institutional shareholders include Spence Asset Management (0.05%) and Red Spruce Capital LLC (0.01%). 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 $199.20.

MongoDB (NASDAQ:MDB) has a market capitalization of $13.69 billion and generates $873.78 million in revenue each year. The company earns $-306,870,000.00 in net income (profit) each year or ($5.36) 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.