The Analyst Verdict: MongoDB In The Eyes Of 39 Experts
Portfolio Pulse from Benzinga Insights
In the last three months, 39 analysts have provided ratings on MongoDB (NASDAQ:MDB), showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 14.15% to $401.64. Recent analyst actions predominantly involve lowering price targets, reflecting a cautious outlook. MongoDB's financials reveal a decline in revenue growth and below-average ROE and ROA, despite a strong market capitalization and efficient cost management.
June 03, 2024 | 7:01 pm
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39 analysts have provided ratings on MongoDB (NASDAQ:MDB) in the last three months, with a notable decrease in the average 12-month price target by 14.15% to $401.64. Recent analyst actions predominantly involve lowering price targets, indicating a cautious outlook. MongoDB's financials show a decline in revenue growth and below-average ROE and ROA, despite a strong market capitalization and efficient cost management.
The significant decrease in the average price target and the predominance of lowered price targets by analysts suggest a cautious outlook on MongoDB's stock. Additionally, the company's financials indicate challenges in revenue growth and returns, which could negatively impact investor sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100