MongoDB - MDB Stock Forecast, Price & News

23 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 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDB shares.
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23 brokers have issued 12 month price targets for MongoDB's shares. Their MDB share price forecasts range from $170.00 to $365.00. On average, they predict the company's stock price to reach $264.09 in the next year. This suggests a possible upside of 15.7% 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 stock has increased by 15.9% and is now trading at $228.17.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
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MongoDB, Inc. (NASDAQ:MDB) released its quarterly earnings results on Tuesday, December, 6th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.48) by $0.25. The firm had revenue of $333.62 million for the quarter, compared to analysts' expectations of $302.39 million. MongoDB had a negative net margin of 30.73% and a negative trailing twelve-month return on equity of 52.50%.

MongoDB issued an update on 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 EPS 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 initial public offering (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 retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.61%), National Bank of Canada FI (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Wafra Inc. (0.29%), Comerica Bank (0.08%) and State of New Jersey Common Pension Fund D (0.06%). 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 $228.17.

MongoDB (NASDAQ:MDB) has a market capitalization of $15.81 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.