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MongoDB (MDB) Stock Forecast & Price Target

$251.46
+4.62 (+1.87%)
(As of 07/19/2024 ET)

MongoDB - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 26 Wall Street analysts who have issued ratings for MongoDB in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a sell rating, 5 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for MDB.

Consensus Price Target

$355.74
41.47% Upside
High Forecast$484.00
Average Forecast$355.74
Low Forecast$250.00

According to the 26 analysts' twelve-month price targets for MongoDB, the average price target is $355.74. The highest price target for MDB is $484.00, while the lowest price target for MDB is $250.00. The average price target represents a forecasted upside of 41.47% from the current price of $251.46.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
19 Buy rating(s)
19 Buy rating(s)
19 Buy rating(s)
20 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$355.74$364.11$444.93$375.59
Forecasted Upside41.47% Upside18.09% Upside13.75% Upside33.84% Upside
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MDB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MDB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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MongoDB Stock vs. The Competition

TypeMongoDBComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.77
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside41.47% Upside117.45% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$350.00 ➝ $300.00+20.59%
7/11/2024Tigress Financial
2 of 5 stars
 Lower TargetBuy ➝ Buy$500.00 ➝ $400.00+60.78%
6/13/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$290.00 ➝ $290.00+26.50%
6/3/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$385.00 ➝ $250.00+6.50%
6/3/2024Citigroup
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 Lower TargetBuy ➝ Buy$480.00 ➝ $350.00+45.02%
6/3/2024Guggenheim
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H. Ma
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UpgradeSell ➝ Neutral
5/31/2024DA Davidson
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R. Kessinger
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UpgradeHold ➝ Strong-Buy
5/31/2024Barclays
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 Lower TargetOverweight ➝ Overweight$458.00 ➝ $290.00+24.61%
5/31/2024Loop Capital
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 Lower TargetBuy ➝ Buy$415.00 ➝ $315.00+35.36%
5/31/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$450.00 ➝ $300.00+29.79%
5/31/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$435.00 ➝ $325.00+40.61%
5/31/2024JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$440.00 ➝ $380.00+61.41%
5/31/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$480.00 ➝ $300.00+30.69%
5/31/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$435.00 ➝ $300.00+31.25%
5/31/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$380.00 ➝ $250.00-19.35%
5/31/2024Truist Financial
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 Lower TargetBuy ➝ Buy$475.00 ➝ $300.00-3.23%
5/31/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$450.00 ➝ $305.00-1.61%
5/31/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$455.00 ➝ $320.00+3.23%
5/28/2024Monness Crespi & Hardt
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B. White
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UpgradeHold
5/17/2024Bank of America
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 Lower TargetBuy ➝ Buy$500.00 ➝ $470.00+27.05%
4/18/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$490.00 ➝ $440.00+28.37%
3/19/2024Redburn Atlantic
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 Reiterated RatingNeutral ➝ Sell$410.00 ➝ $295.00-17.22%
1/4/2024UBS Group
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 Reiterated RatingBuy ➝ Neutral$475.00 ➝ $410.00+9.93%
12/6/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$445.00 ➝ $475.00+17.51%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$427.00+15.71%
9/5/2023Argus
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 Boost TargetBuy ➝ Buy$435.00 ➝ $484.00+22.66%
9/3/2023Sanford C. Bernstein
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 Boost Target$424.00 ➝ $471.00+19.88%
9/1/2023Macquarie
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 Boost Target$434.00 ➝ $456.00+15.61%
6/26/202358.com
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 Reiterated RatingMaintains
6/26/2023VNET Group
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 Reiterated RatingMaintains
6/26/202322nd Century Group
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 Reiterated RatingMaintains
6/23/2023The Goldman Sachs Group
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 Boost Target$420.00 ➝ $440.00+13.30%
6/2/2023William Blair
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J. Ader
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Reiterated RatingOutperform
3/10/2023Credit Suisse Group
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 Lower TargetOutperform$305.00 ➝ $250.00+19.29%
3/9/2023Wedbush
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 Lower Target$240.00 ➝ $230.00+0.57%
10/18/2022Redburn Partners
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 UpgradeSell ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:38 PM ET.

MDB Forecast - Frequently Asked Questions

What is MongoDB's forecast for 2024?

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for MongoDB is $355.74, with a high forecast of $484.00 and a low forecast of $250.00.

Should I buy or sell MongoDB stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MDB shares.

Does MongoDB's stock price have much upside?

According to analysts, MongoDB's stock has a predicted upside of 18.67% based on their 12-month stock forecasts.

Has MongoDB been upgraded by Wall Street analysts recently?

Over the previous 90 days, MongoDB's stock had 3 upgrades by analysts.

Do Wall Street analysts like MongoDB more than its competitors?

Analysts like MongoDB more than other "computer and technology" companies. The consensus rating score for MongoDB is 2.77 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how MDB compares to other companies.


This page (NASDAQ:MDB) was last updated on 7/21/2024 by MarketBeat.com Staff

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