MongoDB Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 1 sell rating, 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MongoDB stock.
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16 analysts have issued 12 month target prices for MongoDB's stock. Their MDB stock forecasts range from $190.00 to $630.00. On average, they anticipate MongoDB's stock price to reach $397.25 in the next twelve months. This suggests a possible upside of 47.7% 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 stock has decreased by 49.2% and is now trading at $269.01.
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MongoDB is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
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MongoDB, Inc. (NASDAQ:MDB) released its earnings results on Wednesday, June, 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.34) by $1.54. The business earned $285.45 million during the quarter, compared to analyst estimates of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative trailing twelve-month return on equity of 45.56%. The business's quarterly revenue was up 57.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.98) EPS.
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MongoDB updated its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of -$0.31--$0.16 for the period, compared to the consensus EPS estimate of -$0.37. The company issued revenue guidance of $1.17 billion-$1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

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

Some companies that are related to MongoDB include Activision Blizzard (ATVI), NetEase (NTES), Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), CrowdStrike (CRWD), Cadence Design Systems (CDNS), Shopify (SHOP), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Datadog (DDOG), Veeva Systems (VEEV) and Atlassian (TEAM).
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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), Square (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 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."

Shares of MDB 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 $269.01.

MongoDB (NASDAQ:MDB) has a market capitalization of $18.32 billion and generates $873.78 million in revenue each year. The company earns $-306.87 million in net income (profit) each year or ($4.840010) on an earnings per share basis.

MongoDB employs 3,544 workers across the globe.

MongoDB was founded in 2007.

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