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MDB

MongoDB, Inc.

https://www.mongodb.com

Industry

Software - Infrastructure

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Open

286.00

Mkt cap

21B

Volume

1.8M

High

289.85

P/E Ratio

-92.33

52-wk high

509.62

Low

272.94

Div yield

N/A

52-wk low

212.74

The broader tech and software sector is experiencing a downturn, primarily influenced by weaknesses in Apple and GitLab. This decline is attributed to a potential industry pullback after a recent surge in AI-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:56 pm

SOPHiA GENETICS shares fell by 19% after reporting Q4 earnings below expectations and issuing weak 2024 guidance. Other stocks showed significant movement, with Sunshine Biopharma, Airship AI Holdings, and AeroVironment among the top gainers, while Quoin Pharmaceuticals, Crawford & Company, and Ekso Bionics led the losers.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 6:11 pm

MongoDB, Inc. (NASDAQ:MDB) shares have declined over 10% in the past five days, attributed to Nasdaq's weakness. Despite this, MongoDB's stock has surged over 80% in the past year, driven by the growing adoption of artificial intelligence and the expansion of its Atlas data platform to new cloud regions. Guggenheim maintains a Sell rating but raised its price target from $250 to $272. MongoDB is expected to report Q4 earnings of 47 cents per share and revenue of $433.831 million. The company's long-term stock performance suggests a potential future price of $1771.85.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 5:25 pm

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.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:01 pm

Guggenheim analyst Howard Ma maintains a Sell rating on MongoDB (NASDAQ:MDB) but raises the price target from $250 to $272.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:16 pm

Wedbush Securities analyst Dan Ives predicts a tech bull market driven by AI, with Nvidia at the forefront, continuing into 2025. Ives highlights the significant potential for AI infrastructure spending to benefit companies like MongoDB, Palantir, and Snowflake. He sees supply and regulatory issues as temporary, anticipating a '1995 Moment' for the tech sector with $1 trillion of incremental spending over the next decade.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 10:32 pm

MongoDB (NASDAQ:MDB) has significantly outperformed the market in the last 5 years, with an annualized return of 35.83%, growing a $100 investment to $421.01. The company's market capitalization stands at $32.62 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 8:00 pm

Shares of tech sector companies are trading higher due to overall market strength, influenced by NVIDIA's strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:54 pm

Deep-pocketed investors have shown a bearish sentiment towards MongoDB (NASDAQ:MDB), with a significant move in options trading detected by Benzinga. The activity includes 40 extraordinary options activities, with 65% bearish and 35% bullish sentiment. The price target range for MDB is set between $185.0 to $700.0. The largest trades include both puts and calls with varying sentiments and strike prices. MongoDB is currently trading at $432.01, down by -2.88%, with an RSI indicating a neutral position. Analysts have mixed opinions, with an average price target of $482.67.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:15 pm

Wall Street analysts, led by Wedbush's Daniel Ives, highlight Nvidia's upcoming earnings as a pivotal moment for AI investment, reflecting on the tech sector's shift towards AI monetization. Recent earnings from tech giants like Microsoft, Alphabet, Meta, Amazon, and others show increased AI infrastructure spending. Nvidia, seen as an AI pioneer, is under the spotlight for its earnings report, which is expected to provide insights into data center AI spending. Despite valuation concerns, the transformative potential of companies like Microsoft, Palantir, and MongoDB in AI is recognized. Nvidia's earnings are deemed crucial for understanding the AI investment landscape, with projections of $1 trillion in AI spending over the next decade.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 11:07 pm

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