Baird Analyst Raises MongoDB Price Target to 290 with Outperform Rating – Best Stocks

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

On May 31, 2023, Baird analyst William Power announced his continued endorsement of MongoDB (NASDAQ:MDB) with an Outperform rating. In addition, he raised the company’s price target from $230 to $290, indicating his confidence in the company’s future growth. MongoDB is a leading provider of a versatile database platform that caters to a wide range of industries. As of March 9, 2023, the company’s shares closed at $194.08, with a market capitalization of $15.31 billion and 69.29 million outstanding shares. According to TipRanks, 100 analysts have provided price forecasts for MongoDB, with a median target of $369.10, a high estimate of $700.00, and a low estimate of $170.00. The average price target for the company is $256.26, with a high forecast of $369.10 and a low forecast of $170.00.

MDB Stock Analysis: Strong Revenue Growth and Expected Earnings Growth Make it an Attractive Investment Option

On May 31, 2023, MDB stock opened at $291.46, up from the previous day’s close of $283.36. The day’s range was between $285.87 and $296.32, with a volume of 1,531,394 shares traded. The market cap for the company was $20.1 billion.

MDB is a technology services company that operates in the packaged software industry. The company has reported a revenue growth of 46.95% in the last year, and its earnings growth for this year is expected to be 27.87%. Over the next five years, the company is expected to have an earnings growth of 8.00%.

MDB’s price-to-earnings (P/E) ratio is not available, but its price-to-sales ratio is 11.45, and its price-to-book ratio is 26.89. These ratios indicate that the company’s stock is trading at a premium compared to its peers in the industry.

MDB’s next reporting date is June 1, 2023, and the company is expected to report earnings per share (EPS) of $0.18 for this quarter. The company’s strong revenue growth and expected earnings growth make it an attractive investment option for those looking for long-term growth potential in the technology sector.

MongoDB Inc (MDB) Stock Analysis: Strong Growth Outlook and Buy Recommendation from Investment Analysts

On May 31, 2023, MongoDB Inc (MDB) was trading at a price of $292.57. According to the data source, 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. The median estimate represents a -14.55% decrease from the last price of $292.57. The current consensus among 25 polled investment analysts is to buy stock in MongoDB Inc. On June 1, 2023, MDB is scheduled to report its current quarter earnings. The company has a strong growth outlook, driven by its innovative product offerings and expanding customer base. Investors should keep an eye on the stock and consider buying it for long-term gains.

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

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.