Analyst Ratings and Price Targets for MongoDB – Best Stocks

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As of May 31, 2023, MongoDB (NASDAQ:MDB) has received a range of analyst ratings over the last quarter. Out of a total of 17 analysts, 5 have given bullish ratings, 10 have given somewhat bullish ratings, 1 has given an indifferent rating, and only 1 has given a bearish rating. These ratings indicate how positive or negative analysts are feeling about the stock.

Over the last 3 months, these analysts have offered 12-month price targets for MongoDB, with an average price target of $264.76. The highest price target is $365.00, while the lowest is $180.00. This range of price targets gives investors an idea of what to expect in terms of future stock performance.

Analyst ratings are crucial for investors as they provide insights into how a company is performing and what its future prospects may be. These ratings are determined by specialists within banking and financial systems who gather information from various sources such as company conference calls, financial statements, and conversations with important insiders.

In addition to ratings, analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance for investors. As of the past month, the average price target for MongoDB has increased by 1.97%, indicating positive sentiment towards the stock.

MDB Stock Analysis: Market Cap, Earnings Growth, Revenue Growth, and More

On May 31, 2023, MDB’s stock price fluctuated between 289.83 and 298.57 with a volume of 13,227 shares traded, considerably lower than the three-month average volume of 1,682,893 shares. MDB’s market cap was $20.1B, and the company’s earnings growth was -5.89% last year, but it has been positive this year, with a growth of 27.87%. MDB’s revenue growth was 46.95% last year, indicating its ability to generate revenue. MDB’s price-to-earnings (P/E) ratio was not available (NM), but the price-to-sales ratio was 11.45, and the price-to-book ratio was 26.89. MDB’s next reporting date is June 1, 2023, and the company is expected to report earnings per share (EPS) of $0.18 this quarter. MDB operates in the packaged software industry, which is highly competitive.

MongoDB Inc (MDB) Stock Analysis: Price Targets, Consensus Ratings, and Earnings Report

On May 31, 2023, MongoDB Inc (MDB) stock closed at a price of 296.14. According to data from CNN Money, the 20 analysts offering 12-month price forecasts for MDB have a median target of 250.00, with a high estimate of 363.00 and a low estimate of 180.00.

Despite the lower price target, the current consensus among 25 polled investment analysts is to buy stock in MongoDB Inc. This rating has held steady since May, when it was unchanged from a buy rating.

Looking at the current quarter’s earnings, MongoDB Inc reported earnings per share of $0.18 and sales of $347.8 million. The company is set to report its earnings on June 01, 2023.

It is important to note that stock performance is subject to a variety of factors, including economic conditions, industry trends, and company-specific news. While the analysts’ price targets and consensus rating provide insight into the market’s expectations for MDB, investors should conduct their own research and consider their own risk tolerance before making investment decisions.

In conclusion, while the median price target for MDB suggests a potential decrease in stock price, the current consensus rating to buy indicates that investors still have confidence in the company’s future growth potential. The upcoming earnings report on June 01, 2023, will provide further insight into the company’s performance and potential impact on stock prices.

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

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