MDB Price Prediction Next Week
Technical Analysis: MongoDB (MDB) is set to report earnings on March 5, 2025. Based on recent price action and technical indicators:
The stock closed at $267.43 with a 1.91% increase in the last session, showing positive momentum heading into earnings. The stock has declined 3.19% over the past month, but has outperformed the Computer and Technology sector's loss of 3.43%.
Fundamental Analysis:
- Forward P/E ratio of 78.72, significantly higher than industry average of 27.99
- PEG ratio of 4.56, above industry average of 2.11
- Expected Q4 earnings of $0.64 per share, representing a 25.58% YoY decline
- Revenue forecast of $517.57 million, showing 13.01% YoY growth
News & Catalysts:
- Recent collaboration with Lombard Odier for banking technology modernization using generative AI
- Strong Q3 FY2025 performance with Atlas revenue growing 26% YoY, representing 68% of total revenue
- Q3 revenue reached $529.4 million, up 22% YoY
Price Prediction for Next Week: Based on technical analysis and upcoming earnings:
- Bullish Scenario ($285-290): Strong earnings beat and positive AI initiatives guidance
- Base Case ($260-270): In-line earnings with current expectations
- Bearish Scenario ($240-250): Earnings miss or weak guidance
Recommendation: HOLD Given the high valuation multiples and upcoming earnings uncertainty, maintaining current positions is advised. Wait for earnings results before making new positions.
MDB Similar Chart Price Prediction
The price of MDB is predicted to go up 8.07%, based on the high correlation periods with GDDY. The similarity of these two price pattern on the periods is 95.16%.
MDB
GDDY
Up: 8.07%Similarity: 95.16%
MDB Revenue Forecast
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MDB VS S&P500
MDB's document-based database is best equipped to remove fear of vendor lock-in and is poised for a strong future.
MongoDB's new data lake could gain significant traction, making MongoDB even stickier, as we believe data lakes have even greater switching costs than databases. In turn, this could further boost returns on invested capital.
MongoDB could eventually launch its own data warehouse offering, which would further increase customer switching costs.
MDB Analyst's Forecast
Patrick Colville
Scotiabank
Hold
2025-01-21
Price Target
$350 → $275
Upside
+6.65%
Scotiabank lowered the firm's price target on MongoDB to $275 from $350 and keeps a Sector Perform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm's forensic analysis points to software earnings surprises and estimate revisions. The firm names MongoDB as a "Be Cautious" call.
Colin Liu
China Renaissance
Strong Buy
2025-01-21
Price Target
$351
Upside
+36.12%
Thomas Blakey
Cantor Fitzgerald
Buy
2025-01-16
Price Target
$344
Upside
+33.41%
