Zacks Investment Research upgraded shares of Mongodb (NASDAQ:MDB) from a hold rating to a buy rating in a research note released on Friday morning. Zacks Investment Research currently has $33.00 target price on the stock.
According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
MDB has been the subject of several other reports. Needham & Company LLC started coverage on shares of Mongodb in a research report on Monday, October 23rd. They set a hold rating for the company. Canaccord Genuity Group started coverage on shares of Mongodb in a research report on Wednesday, November 15th. They set a buy rating and a $35.00 price target for the company. Stifel Nicolaus started coverage on shares of Mongodb in a research report on Monday, November 13th. They set a buy rating and a $34.00 price target for the company. Canaccord Genuity started coverage on shares of Mongodb in a research report on Wednesday, December 13th. They set a buy rating for the company. Finally, Morgan Stanley started coverage on shares of Mongodb in a research report on Monday, November 13th. They set an equal weight rating and a $31.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mongodb presently has a consensus rating of Buy and a consensus price target of $33.71.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The firm had revenue of $41.50 million for the quarter, compared to analysts’ expectations of $37.21 million. The company’s quarterly revenue was up 57.8% compared to the same quarter last year. research analysts anticipate that Mongodb will post -1.77 EPS for the current year.
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MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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