Decoding 26 Analyst Evaluations For MongoDB
Portfolio Pulse from Benzinga Insights
In the latest quarter, 26 analysts provided mixed ratings for MongoDB (NASDAQ:MDB), with a shift towards more bullish perspectives compared to previous months. The average 12-month price target is now $447.46, down from $467.37, reflecting a 4.26% decrease. Analyst actions include a range of adjustments to ratings and price targets, indicating varied expectations for MongoDB's future performance. MongoDB's financial performance shows strong growth and profitability, with a notable revenue growth rate of 26.76% and a market capitalization above the industry average.
March 28, 2024 | 5:01 pm
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POSITIVE IMPACT
MongoDB received mixed analyst ratings with a new average 12-month price target of $447.46, indicating a 4.26% decrease from the previous target. The company's strong financial performance, including a revenue growth rate of 26.76%, positions it positively in the market.
The mixed analyst ratings reflect a cautious but overall positive outlook for MongoDB, considering the slight decrease in the average price target. However, MongoDB's strong financial performance, particularly its impressive revenue growth, supports a positive short-term impact on its stock price. The company's solid market position and growth potential are likely to attract investor interest, despite the adjustments in analyst expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100