Stifel has reaffirmed its Buy rating for MongoDB (MDB), albeit with a revised target price of 5. This adjustment comes in light of the increasing competition posed by PostgreSQL. Nevertheless, a notable 80% of surveyed customers express confidence in their ability to sustain growth in database usage, leveraging both MongoDB and PostgreSQL for various workloads. This scenario positions MongoDB as an appealing prospect for long-term investors.
Wall Street Analysts’ Forecast
Insights from 34 analysts suggest that MongoDB Inc (MDB) is projected to achieve an average price target of 7.36 within the next year. The estimates vary widely, with a high of 0.00 and a low of 0.00. This average target indicates a substantial upside potential of 84.16% from the current market price of 1.47. For those seeking more detailed projections, the MongoDB Inc (MDB) Forecast page offers comprehensive insights.
Consensus among 38 brokerage firms places MongoDB Inc (MDB) at an average recommendation of 2.0, which signifies an “Outperform” status. This rating system operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus, the estimated GF Value for MongoDB Inc (MDB) is projected to be 3.07 within a year. This projection reflects a potential upside of 168.2% from the current price of 1.47. The GF Value metric is derived from historical trading multiples, past growth, and future business forecasts, providing a nuanced valuation of the stock. For further details, the MongoDB Inc (MDB) Summary page is a valuable resource.
