Shares of MongoDB (MDB 0.67%) surged by 15% on Wednesday after the cloud database company expanded its strategic collaboration agreement with Amazon.com (AMZN 2.32%). NASDAQ: MDB MongoDB
Why are MongoDB shares rising?
Why MongoDB Shares Are Rising MongoDB Inc (NASDAQ: MDB) shares are trading higher Friday following bullish analyst coverage from UBS. UBS analyst Karl Keirstead upgraded MongoDB from a Neutral rating to a Buy rating and raised the price target from $345 to $450.
How much of MongoDB's stock is owned by institutions?
88.50% of the stock of MongoDB is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for MongoDB are expected to decrease in the coming year, from ($4.56) to ($5.51) per share.
What is MongoDB's price targets for the next 12 months?
On average, they expect MongoDB's stock price to reach $544.93 in the next twelve months. This suggests that the stock has a possible downside of 1.4%. View analysts' price targets for MongoDB or view top-rated stocks among Wall Street analysts.
Is MongoDB (MongoDB) a good buy?
MongoDB has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings. According to analysts' consensus price target of $544.93, MongoDB has a forecasted downside of 1.9% from its current price of $555.74.
Is MongoDB overvalued?
Is MongoDB still cheap? The stock is currently trading at US$334 on the share market, which means it is overvalued by 22% compared to my intrinsic value of $273.33.
Is MongoDB stock a buy?
MongoDB has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.
Will MDB go up?
MongoDB Inc (NASDAQ:MDB) The 15 analysts offering 12-month price forecasts for MongoDB Inc have a median target of 425.00, with a high estimate of 650.00 and a low estimate of 270.00. The median estimate represents a +69.96% increase from the last price of 250.06.
How do I invest in MongoDB?
How to buy shares in MongoDBCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is MDB a good investment?
Out of 16 analysts, 9 (56.25%) are recommending MDB as a Strong Buy, 6 (37.5%) are recommending MDB as a Buy, 1 (6.25%) are recommending MDB as a Hold, 0 (0%) are recommending MDB as a Sell, and 0 (0%) are recommending MDB as a Strong Sell.
Is MDB a buy or sell?
Today MDB ranks #19705 as sell candidate.
Is MongoDB a profitable company?
MongoDB's lack of profitability or even cash flow, in spite of an improving margin profile, will mean more to investors than its growth premium in the current risk-averse market.
How does MongoDB make money?
The vast majority of revenue for MongoDB (MDB 7.29%) comes from its namesake database. Just over half of total revenue is derived from Atlas, the company's cloud database service, while much of the rest comes from its Enterprise Advanced service aimed at large customers looking to run MongoDB on their own hardware.
Summary
Shares of MongoDB have fallen 25% since the start of November, and the recent rates-driven sell-off has accelerated losses.
Q3 download
This being said, I'll acknowledge that MongoDB is difficult to bash from a fundamental perspective. The company continues to turn in fantastic growth results, though it's not yet profitable.
Key takeaways
In my view, MongoDB stock will continue to see pressure. The company's persistently high valuation will get eroded in a rising-rate environment, as investors place less emphasis on the company's premium revenue growth. Watch and wait for MongoDB to break through to the low $300s, but don't invest in this company until then.
