MongoDB - MDB Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. 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.
View MDB analyst ratings or view top-rated stocks.

24 analysts have issued 1-year target prices for MongoDB's stock. Their MDB share price forecasts range from $180.00 to $365.00. On average, they expect the company's share price to reach $253.87 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for MDB or view top-rated stocks among Wall Street analysts.

MongoDB's stock was trading at $196.84 at the beginning of 2023. Since then, MDB shares have increased by 18.4% and is now trading at $233.12.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our MDB earnings forecast.

MongoDB, Inc. (NASDAQ:MDB) released its quarterly earnings results on Wednesday, March, 8th. The company reported ($0.98) earnings per share for the quarter, beating analysts' consensus estimates of ($1.18) by $0.20. The business earned $361.31 million during the quarter, compared to the consensus estimate of $335.84 million. MongoDB had a negative net margin of 26.90% and a negative trailing twelve-month return on equity of 48.38%.

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

MongoDB issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 8th. The company provided EPS 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 initial public offering (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."

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.
Compare Top Brokerages Here.

One share of MDB stock can currently be purchased for approximately $233.12.

MongoDB (NASDAQ:MDB) has a market capitalization of $16.33 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 4,619 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.