Key Takeaways:
- MongoDB (MDB, Financial) sees a significant 15% rise in stock following a robust Q1 earnings report.
- Q2 revenue expectations surpass market predictions, with a full-year revenue forecast now set at $2.25B–$2.29B.
- Analyst predictions suggest substantial potential upside for MDB shares based on current estimates.
Shares of MongoDB (NASDAQ: MDB) surged 15% as the company unveiled impressive first-quarter earnings and revised its full-year guidance upwards. The database leader projects Q2 revenues to fall between $548 million and $553 million, exceeding Wall Street expectations. MongoDB's annual revenue outlook is now pegged at $2.25 billion to $2.29 billion, with a notable enhancement in adjusted earnings per share.
Analyst Projections for MongoDB
According to projections from 34 analysts, the average price target for MongoDB Inc (MDB, Financial) stands at $271.82, with a high forecast of $520.00 and a low of $160.00. This average projection suggests a potential upside of 36.09% from the current trading price of $199.73. For a deeper dive into these estimates, visit the MongoDB Inc (MDB) Forecast page.
The consensus from 37 brokerage firms gives MongoDB Inc (MDB, Financial) an average recommendation of 2.0, categorizing it as "Outperform." This brokerage recommendation scale ranges from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
Valuation Insights
GuruFocus estimates propose a one-year GF Value for MongoDB Inc (MDB, Financial) at $444.25. This evaluation indicates a potential upside of 122.43% from the current share price of $199.73. The GF Value represents GuruFocus' estimation of the stock's fair value, calculated using historical trading multiples, past growth metrics, and future business performance projections. Additional data and insights can be accessed on the MongoDB Inc (MDB) Summary page.
