Canaccord Genuity Maintains Buy on MongoDB, Lowers Price Target to $325
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
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Source: Benzinga
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Analyst Views on MDB
Wall Street analysts forecast MDB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MDB is 468.85 USD with a low forecast of 380.00 USD and a high forecast of 550.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
24 Buy
4 Hold
0 Sell
Strong Buy
Current: 411.040
Low
380.00
Averages
468.85
High
550.00
Current: 411.040
Low
380.00
Averages
468.85
High
550.00
About MDB
MongoDB, Inc. is a developer data platform company. Its developer data platform is a globally distributed operational database integrated with a set of data services that allow development teams to address the growing variety of application requirements. Its customers can implement its developer data platform as a managed service offering, or they can choose a self-managed option. Its MongoDB Atlas is its managed multi-cloud database-as-a-service (DBaaS) offering that includes an integrated set of databases and related services. Atlas Vector Search allows the integration of an operational database and vector search in a unified, fully managed platform. MongoDB Enterprise Advanced is its proprietary self-managed commercial offering for enterprise customers that can run in the cloud, on-premises or in a hybrid environment. It also provides professional services for its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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