MongoDB (MDB) closed the last trading session at $273.32, gaining 10.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $364.70 indicates a 33.4% upside potential.The mean estimate comprises 33 short-term price targets with a standard deviation of $58.83. While the lowest estimate of $180 indicates a 34.1% decline from the current price level, the most optimistic analyst expects th ...

Core Viewpoint - The launch of the Chinese AI chatbot DeepSeek has led to a rally in software stocks, as investors anticipate reduced costs and improved efficiencies in AI infrastructure, benefiting companies that are developing their own AI platforms [1][11]. Group 1: Company Performances - MongoDB's stock rose by 8% following the news, as the company is leveraging AI in its NoSQL database software and has launched an AI Applications Program (MAAP) [2][3]. - Salesforce's stock increased by 4.65%, with the company pushing into AI through its Agentforce tool, although it has not yet significantly impacted its business [2][5]. - GitLab's stock surged by 8.09%, as it specializes in cloud-based DevSecOps and has introduced GitLab Duo, a suite of AI features for developers [2][7][8]. Group 2: AI Infrastructure and Market Dynamics - The technology behind DeepSeek is expected to accelerate AI demand for companies like MongoDB by enhancing efficiency and deployment speed [4]. - Despite the potential of AI, management at MongoDB indicated that it would not be a significant tailwind for fiscal 2025, viewing it as a future opportunity [4]. - The geopolitical landscape, including national security concerns regarding Chinese technology, may impact the adoption of AI chatbots like DeepSeek, but American companies are likely to innovate and improve upon such technologies [10]. Group 3: Long-term Outlook - Over time, technology costs generally decrease, which is expected to benefit software companies like MongoDB, Salesforce, and GitLab as they capitalize on falling AI costs and improved efficiencies [11]. - The long-term prospects for these industry leaders remain positive as they adapt to the evolving AI landscape [11].

MongoDB (MDB) shares have lost 37.6% in the trailing 12 months, underperforming the Zacks Computer and Technology sector’s appreciation of 27.8% and the Zacks Internet – Software industry’s return of 30.7%.MDB shares have also lagged industry peers like Bill Holdings (BILL) and Domo over the same time frame. While BILL shares have appreciated 18.4%, Domo shares have lost 26.6% over the trailing 12 months.MongoDB’s sharp stock price decline can be attributed to macroeconomic headwinds, slower-than-expected m ...

MongoDB (MDB) closed the last trading session at $247.96, gaining 1.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $372.33 indicates a 50.2% upside potential.The mean estimate comprises 30 short-term price targets with a standard deviation of $49.58. While the lowest estimate of $220 indicates a 11.3% decline from the current price level, the most optimistic analyst expects the ...

Based on my analysis, MongoDB, Inc. (NASDAQ: MDB ) presents a compelling investment opportunity for those who are interested in AI beneficiaries exposure. MDB is not only well positioned to benefit from the data explosion due toWith over 7 years of experience in the buy-side, my investment philosophy is rooted in both fundamental bottom-up analysis and quantitative modelling. My forte lies in identifying perception gaps to capitalize on over-pessimism and excessive exuberance. My objective is simple, identi ...

MongoDB's (NASDAQ: MDB ) share price remains under pressure, despite the company's margins continuing to increase and signs that growth is stabilizing. This is not necessarily surprising given that Atlas growth continues to moderate, and EA growth remains volatile. MongoDB's expansion rate remainsRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk ...

My previous investment thought on MongoDB (NASDAQ: MDB ) (published last year in April) was a buy rating because I believed MDB Atlas platform and its leadership in the cloud database space should enable it to capitalizeI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. ...

NEW YORK, Jan. 9, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mon ...

Shares of database upstart MongoDB (MDB -0.07%) plunged 27.8% in December, according to data from S&P Global Market Intelligence.MongoDB released its fiscal third-quarter earnings early in the month, which disappointed investors, and also announced the retirement of its chief financial officer.However, MongoDB could be a big winner in the next stage of the artificial intelligence (AI) era. So is the downturn an opportunity?MongoDB goes through some growing painsMongoDB actually beat analyst expectations in ...

Core Viewpoint - MongoDB has faced significant challenges in 2024, with a 40% decline in share price as of December 26, largely due to lower consumption on its Atlas platform and a substantial reduction in earnings guidance for the year [2][13]. Group 1: Financial Performance - The company's share price has been adversely affected after earnings releases, particularly following the fiscal 2025 Q1 results in May, which led to a lowered earnings forecast for the entire year [2][16]. - MongoDB's stock is currently trading 52% below its 52-week high of $509.62, with a forward price-to-earnings (P/E) multiple down 56% from a peak of nearly 180x, now standing at 79x [9][13]. - Analysts have set an average price target of $366.14 for MongoDB, indicating a potential upside of 35% based on 24 price targets released in December [10][13]. Group 2: Product and Market Position - MongoDB's primary offerings include MongoDB Atlas and MongoDB Enterprise Advanced, which accounted for 66% and 26% of total revenue in 2023, respectively [8]. - The company's document-oriented data model allows for efficient data management, enabling businesses to store all information about a customer in a single document, which enhances targeting and personalization [4][14]. - As AI applications proliferate, the demand for database solutions like MongoDB's is expected to increase, positioning the company favorably for future growth [10][17]. Group 3: Market Trends and Future Outlook - In 2024, businesses have shifted spending towards AI investments, impacting MongoDB's revenue, but the anticipated growth in AI applications could benefit the company in 2025 [6][17]. - The total addressable market for MongoDB is vast, as nearly every industry utilizes its services, particularly as AI transforms various sectors of the economy [10][17].