- Redburn Atlantic upgrades MongoDB (MDB, Financial) from Sell to Neutral: Analysts see limited downside risk for the stock, despite reducing the target price to $170 due to underperformance.
- Wall Street Sets Higher Price Targets: The consensus among 34 analysts sets MongoDB's average target price at $287.89, with potential upside of nearly 90%.
- GuruFocus Projects Significant Growth: With a GF Value of $432.89, MongoDB could see an upside of over 185% from its current price.
Redburn Atlantic's New Stance on MongoDB
In a strategic shift, Redburn Atlantic has upgraded MongoDB (MDB) from a 'Sell' to a 'Neutral' position. This change reflects an assessment of limited downside risk, primarily driven by the stock's recent underperformance and multiple compression. Despite these challenges, Redburn has adjusted its target price to $170, hinting that the valuation is approaching a fundamental low amid persistent competitive pressures.
Wall Street Analysts Forecast
Analyzing projections from 34 analysts, MongoDB Inc (MDB, Financial) has an average one-year price target of $287.89. This figure spans a high estimate of $520.00 and a low of $170.00, suggesting a potential upside of 89.81% from its current price of $151.67. Investors can explore detailed estimates on the MongoDB Inc (MDB) Forecast page.
Further insights from 38 brokerage firms provide an average recommendation of 2.0 for MongoDB, classified as "Outperform." This rating operates on a scale from 1 to 5, with 1 representing a Strong Buy and 5 a Sell.
Evaluating MongoDB's GF Value
According to GuruFocus, MongoDB Inc's (MDB, Financial) estimated GF Value for the coming year stands at $432.89. This suggests a striking potential upside of 185.42% from the current price of $151.67. The GF Value is a proprietary metric by GuruFocus, which considers historical trading multiples, past business growth, and projected future performance. Investors can find more in-depth data on the MongoDB Inc (MDB) Summary page.
