Posted on mongodb google news. Visit mongodb google news

Shares of MongoDB Inc (MDB, Financial) surged 3.06% in mid-day trading on Nov 7. The stock reached an intraday high of $291.15, before settling at $289.59, up from its previous close of $280.99. This places MDB 43.18% below its 52-week high of $509.62 and 36.12% above its 52-week low of $212.74. Trading volume was 373,760 shares, 34.0% of the average daily volume of 1,098,602.

Wall Street Analysts Forecast

Based on the one-year price targets offered by 28 analysts, the average target price for MongoDB Inc (MDB, Financial) is $336.13 with a high estimate of $520.00 and a low estimate of $215.00. The average target implies an upside of 16.07% from the current price of $289.59. More detailed estimate data can be found on the MongoDB Inc (MDB) Forecast page.

Based on the consensus recommendation from 32 brokerage firms, MongoDB Inc’s (MDB, Financial) average brokerage recommendation is currently 1.9, indicating “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for MongoDB Inc (MDB, Financial) in one year is $535.73, suggesting a upside of 85% from the current price of $289.585. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the MongoDB Inc (MDB) Summary page.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Article originally posted on mongodb google news. Visit mongodb google news