Piper Sandler has revised its price target for MongoDB (MDB, Financial), reducing it significantly from $280 to $200 while maintaining an Overweight rating on the shares. This adjustment aligns with similar cuts made across the cloud applications and analytics sector due to anticipated short-term growth challenges.
These challenges stem from several factors, including tariffs, shifting policy landscapes, and hurdles associated with the adoption of artificial intelligence. The firm notes that the software industry is experiencing a moderation in growth for the fourth consecutive year, which has impacted investor sentiment negatively.
Piper Sandler's analysis indicates that valuation multiples in the sector have fallen to their lowest levels in seven years. However, the direct impact of tariffs on software models remains minimal.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for MongoDB Inc (MDB, Financial) is $283.92 with a high estimate of $520.00 and a low estimate of $170.00. The average target implies an upside of 86.60% from the current price of $152.15. More detailed estimate data can be found on the MongoDB Inc (MDB) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, MongoDB Inc's (MDB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MongoDB Inc (MDB, Financial) in one year is $432.89, suggesting a upside of 184.52% from the current price of $152.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MongoDB Inc (MDB) Summary page.
