- MongoDB (MDB, Financial) receives a favorable 'Outperform' rating from Wolfe Research, aiming for a $280 target.
- Analysts predict a 31.70% upside with average price target estimates reaching $279.65.
- GF Value suggests a significant potential upside of 78.69% over the next year.
Shares of MongoDB (MDB) surged by approximately 2% as Wolfe Research commenced coverage with an 'Outperform' rating, setting a price target of $280. This optimistic outlook stems from enhanced execution and favorable market conditions, leading analysts to anticipate a positive shift in investor sentiment toward infrastructure investments.
Wall Street Analysts Forecast
According to forecasts by 35 analysts, MongoDB Inc (MDB, Financial) is projected to reach an average price target of $279.65 within a year, spanning from a low end of $170.00 to a high of $520.00. This average target suggests a potential upside of 31.70% from the current stock price of $212.34. For more detailed estimates, visit the MongoDB Inc (MDB) Forecast page.
The consensus from 37 brokerage firms rates MongoDB Inc (MDB, Financial) at an average of 1.9, which corresponds to an "Outperform" status. This rating system ranges from 1 to 5, where 1 indicates a Strong Buy and 5 a Sell.
Based on GuruFocus projections, the estimated GF Value for MongoDB Inc (MDB, Financial) in the next year stands at $379.42, pointing to an impressive potential upside of 78.69% from the current trading price of $212.34. The GF Value represents GuruFocus' calculated fair value, derived from historical trading multiples, past business growth, and future business performance estimates. Visit the MongoDB Inc (MDB) Summary page for more in-depth data.
