Beyond The Numbers: 12 Analysts Discuss MongoDB Stock
Portfolio Pulse from Benzinga Insights
MongoDB (NASDAQ:MDB) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering evaluations ranging from bullish to bearish. The recent ratings show a shift towards a more cautious outlook, with an increase in bearish ratings in the last 30 days. The average 12-month price target for MongoDB is $452.75, marking a 7.8% increase from the previous target of $420.00. Analysts have adjusted their ratings and price targets based on MongoDB's market dynamics and performance, indicating varied expectations for the company's future stock performance. MongoDB's financial indicators, such as a 29.77% revenue growth rate and a solid market capitalization, reflect its strong market position and financial health.
March 04, 2024 | 3:01 pm
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MongoDB has seen a diverse range of analyst ratings, with a recent bearish rating in the last 30 days. The average 12-month price target has increased to $452.75, reflecting a positive outlook on the stock's future performance. MongoDB's strong financial indicators, including a significant revenue growth rate, support a positive short-term impact on its stock price.
The increase in the average 12-month price target for MongoDB, coupled with its strong financial performance, particularly in revenue growth, suggests a positive outlook among analysts. Despite the mixed ratings, the overall increase in the price target and solid financial health indicate potential short-term gains for MDB stock. The recent bearish rating adds caution but is balanced by the overall positive sentiment and financial strength of the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100