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Stifel has adjusted its price target for MongoDB (MDB, Financial), lowering it from $340 to $275 while maintaining a Buy rating for the stock. This decision follows an assessment involving 25 customers of MongoDB, aimed at evaluating growth in usage, the likelihood of customers switching to PostgreSQL, and the comparative operational expenses between the two database systems.

The survey findings suggest that customers continue to support MongoDB’s Atlas platform, indicating no significant shifts in market share. However, Stifel’s revision of the price target reflects broader concerns related to recent compression in group multiples and a less predictable economic environment.

Wall Street Analysts Forecast

Based on the one-year price targets offered by 34 analysts, the average target price for MongoDB Inc (MDB, Financial) is $297.36 with a high estimate of $520.00 and a low estimate of $180.00. The average target implies an
upside of 84.36%
from the current price of $161.29. More detailed estimate data can be found on the MongoDB Inc (MDB) Forecast page.

Based on the consensus recommendation from 38 brokerage firms, MongoDB Inc’s (MDB, Financial) average brokerage recommendation is currently 2.0, 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 $433.07, suggesting a
upside
of 168.5% from the current price of $161.29. 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.

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