MongoDB (MDB) Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MDB shares.
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24 Wall Street research analysts have issued 12 month price objectives for MongoDB's stock. Their MDB share price forecasts range from $190.00 to $430.00. On average, they expect the company's share price to reach $328.35 in the next year. This suggests that the stock has a possible downside of 15.5%.
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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 97.4% and is now trading at $388.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023.
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MongoDB, Inc. (NASDAQ:MDB) posted its quarterly earnings data on Thursday, June, 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative trailing twelve-month return on equity of 44.73% and a negative net margin of 23.58%. The company's quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.15) earnings per share.

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

MongoDB issued an update on its second quarter 2024 earnings guidance on Sunday, June, 4th. The company provided earnings per share (EPS) guidance of $0.43-$0.46 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of $388.00 million-$392.00 million, compared to the consensus revenue estimate of $361.59 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 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 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."

MongoDB's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.84%), Franklin Resources Inc. (2.68%), State Street Corp (1.98%), 1832 Asset Management L.P. (1.40%), Geode Capital Management LLC (1.38%) and Susquehanna International Group LLP (0.00%). 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 $388.57.

MongoDB (NASDAQ:MDB) has a market capitalization of $27.22 billion and generates $1.28 billion in revenue each year. The company earns $-345,400,000.00 in net income (profit) each year or ($4.67) 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.