MongoDB (MDB) stock soared on Tuesday as analysts updated their coverage of the database solutions company following its latest earnings report.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Let’s dive right into it with a look at all of the top analyst ratings and price targets for MDB today.
- BMO Capital analyst Keith Bachman reiterated a Buy rating and increased his price target to $455 from $415.
- Citi analyst Tyler Radke maintained a Buy rating and $440 price target.
- Canaccord Genuity analyst Kingsley Crane kept a Buy rating and raised his price target to $455 from $375.
- Guggenheim analyst Howard Ma reiterated a Buy rating and boosted his price target to $450 from $400.
- RBC Capital analyst Rishi Jaluria maintained a Buy rating and increased his price target to $450 from $405.
- UBS analyst Karl Keirstead stuck with a Hold rating but boosted his price target to $440 from $330.
- Monness analyst Brian White reiterated a Buy rating and raised his price target to $475 from $360.
- Robert W. Baird analyst William Power maintained a Buy rating and increased his price target to a Street-high of $500 from $335.
- Oppenheimer analyst Ittai Kidron stuck with a Buy rating and boosted his price target to $450 from $385.
- Stifel Nicolaus analyst Brad Reback reiterated a Buy rating and raised his price target to $450 from $375.
- Needham analyst Mike Cikos maintained a Buy rating and increased his price target to $480 from $365.
- Wells Fargo analyst Ryan MacWilliams stuck with a Buy rating and boosted his price target to $450 from $430.
- Rosenblatt Securities analyst Blair Abernethy reiterated a Buy rating and raised his price target to $425 from $385.
- Barclays analyst Raimo Lenschow maintained a Buy rating and increased his price target to $415 from $390.
- D.A. Davidson analyst Rudy Kessinger kept a Buy rating and boosted his price target to $465 from $415.
- Truist Financial analyst Miller Jump stuck with a Buy rating and increased his price target to $450 from $400.
- Cantor Fitzgerald analyst Thomas Blakey reiterated a Buy rating and raised his price target to $454 from $406.
- Citizens JMP analyst Patrick Walravens maintained a Buy rating and boosted his price target to $475 from $435.
- Morgan Stanley analyst Sanjit Singh kept a Buy rating and raised his price target to $440 from $400.
- Scotiabank analyst Patrick Colville stuck with a Hold rating but increased his price target to $415 from $320.
- Bank of America analyst Bradley Sills reiterated a Buy rating and boosted his price target to $480 from $440.
- William Blair analyst Jason Ader maintained a Buy rating with no price target.
- Bernstein analyst Firoz Valliji kept a Buy rating and raised his price target to $452 from $338.
- Mizuho Securities analyst Siti Panigrahi stuck with a Hold rating but increased his price target to $310 from $250.
- Piper Sandler analyst Hannah Rudoff kept a Buy rating and boosted her price target to $490 from $400.
- Goldman Sachs analyst Matthew Martino reiterated a Buy rating and increased his price target to $465 from $405.
MongoDB Stock Movement Today
MongoDB stock was up 24.7% on Tuesday, building on a 76.16% rally year-to-date. The stock has also increased 1.5% over the past 12 months.
Is MongoDB Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for MongoDB is Strong Buy, based on 26 Buy and four Hold ratings over the past three months. With that comes an average MDB stock price target of $385.41, representing a potential 6.11% downside for the shares. These ratings and price targets will likely change as more analyst coverage rolls in after the company’s earnings report.
