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MongoDB (MDB) Stock Forecast & Price Target

$349.74
-5.44 (-1.53%)
(As of 05/24/2024 04:00 PM 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

Moderate Buy
Based on 25 Analyst Ratings

Consensus Price Target

$444.57
27.11% Upside
High Forecast$550.00
Average Forecast$444.57
Low Forecast$272.00
TypeCurrent Forecast
5/28/23 to 5/27/24
1 Month Ago
4/28/23 to 4/27/24
3 Months Ago
2/27/23 to 2/27/24
1 Year Ago
5/28/22 to 5/28/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
20 Buy rating(s)
20 Buy rating(s)
19 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$444.57$443.86$435.68$252.55
Forecasted Upside27.11% Upside13.98% Upside13.91% Upside16.51% 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
2.72
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside27.11% Upside190.48% Upside9.93% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/17/2024Bank of America
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 Lower TargetBuy ➝ Buy$500.00 ➝ $470.00+27.05%
5/3/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$465.00+28.04%
4/23/2024Loop Capital
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 Initiated CoverageBuy$415.00+22.00%
4/18/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$490.00 ➝ $440.00+28.37%
3/28/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$495.00 ➝ $500.00+38.26%
3/19/2024Redburn Atlantic
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 Reiterated RatingNeutral ➝ Sell$410.00 ➝ $295.00-17.22%
3/14/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$435.00+22.27%
3/8/2024DA Davidson
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R. Kessinger
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UpgradeNeutral ➝ Buy$405.00 ➝ $430.00+4.37%
3/6/2024Citigroup
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 Boost TargetBuy ➝ Buy$515.00 ➝ $550.00+35.80%
3/4/2024Guggenheim
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 Boost TargetSell ➝ Sell$250.00 ➝ $272.00-38.40%
2/20/2024Truist Financial
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 Boost TargetBuy ➝ Buy$440.00 ➝ $500.00+11.89%
1/22/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$440.00+6.11%
1/4/2024UBS Group
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 Reiterated RatingBuy ➝ Neutral$475.00 ➝ $410.00+9.93%
12/6/2023Mizuho
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 Boost TargetNeutral ➝ Neutral$330.00 ➝ $420.00+4.25%
12/6/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$445.00 ➝ $475.00+17.51%
12/6/2023Piper Sandler
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 Boost TargetOverweight ➝ Overweight$425.00 ➝ $500.00+15.30%
12/6/2023Barclays
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 Boost TargetOverweight ➝ Overweight$470.00 ➝ $478.00+10.22%
11/16/2023Wells Fargo & Company
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 Initiated CoverageOverweight$500.00+27.36%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$427.00+15.71%
10/10/2023Scotiabank
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 Initiated CoverageSector Perform$335.00-6.51%
9/5/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$410.00 ➝ $450.00+13.93%
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%
9/1/2023Oppenheimer
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 Boost TargetOutperform ➝ Outperform$430.00 ➝ $480.00+22.17%
9/1/2023Macquarie
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 Boost Target$434.00 ➝ $456.00+15.61%
9/1/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$440.00 ➝ $480.00+25.89%
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%
6/23/2023Robert W. Baird
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 Boost Target$390.00 ➝ $430.00+10.72%
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 Monday at 03:13 PM ET.

MDB Frequently Asked Questions

What is MongoDB's stock forecast and purchase recommendation?

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for MongoDB is $444.57, with a high forecast of $550.00 and a low forecast of $272.00. The consensus rating for MongoDB stock is Moderate Buy based on the current 2 sell ratings, 3 hold ratings and 20 buy ratings for MDB. Learn more on MDB's analyst rating history.

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 2.72 while the average consensus rating score for "computer and technology" companies is 2.58. Learn more on how MDB compares to other companies.

Is MongoDB being upgraded by Wall Street analysts?

Over the previous 90 days, MongoDB's stock had 1 upgrade by analysts.

Does MongoDB's stock price have much upside?

According to analysts, MongoDB's stock has a predicted upside of 14.18% based on their 12-month stock forecasts.

What analysts cover MongoDB?

MongoDB has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Guggenheim, KeyCorp, Loop Capital, Needham & Company LLC, Redburn Atlantic, Stifel Nicolaus, and Tigress Financial in the past 90 days.


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This page (NASDAQ:MDB) was last updated on 5/27/2024 by MarketBeat.com Staff

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