MongoDB - MDB Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 4 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDB shares.
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24 Wall Street analysts have issued 12-month price objectives for MongoDB's stock. Their MDB share price forecasts range from $180.00 to $365.00. On average, they predict the company's share price to reach $253.87 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
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MongoDB's stock was trading at $196.84 at the start of the year. Since then, MDB shares have increased by 11.0% and is now trading at $218.56.
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MongoDB saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 3,570,000 shares, a drop of 14.4% from the February 13th total of 4,170,000 shares. Based on an average daily volume of 2,000,000 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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MongoDB, Inc. (NASDAQ:MDB) released its quarterly earnings data on Monday, December, 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.38) by $0.27. The company earned $226.89 million during the quarter, compared to the consensus estimate of $205.18 million. MongoDB had a negative trailing twelve-month return on equity of 49.53% and a negative net margin of 26.90%. The firm's revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.98) EPS.

ETFs with the largest weight of MongoDB (NASDAQ:MDB) stock in their portfolio include Jacob Forward ETF (JFWD), ProShares Big Data Refiners ETF (DAT), First Trust Cloud Computing ETF (SKYY), Wedbush ETFMG Global Cloud Technology ETF (IVES), ProShares Ultra Cloud Computing (SKYU), Fidelity Cloud Computing ETF (FCLD), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC) and SPDR S&P Internet ETF (XWEB).

MongoDB issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 8th. The company provided earnings per share guidance of $0.17-$0.20 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $344.00 million-$348.00 million, compared to the consensus revenue estimate of $355.93 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 a price of $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 number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (9.66%), Susquehanna International Group LLP (0.00%), Franklin Resources Inc. (2.83%), Voya Investment Management LLC (1.83%), 1832 Asset Management L.P. (1.47%) and Geode Capital Management LLC (1.34%). 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 $218.56.

MongoDB (NASDAQ:MDB) has a market capitalization of $15.14 billion and generates $1.28 billion in revenue each year. The company earns $-345,400,000.00 in net income (profit) each year or ($5.04) 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.