
MongoDB (MDB) Stock Forecast & Price Target
MongoDB (MDB) Analyst Ratings
Bulls say
MongoDB has demonstrated significant growth in its Atlas New Annual Recurring Revenue (ARR), with a reported 15% increase contributing to a robust financial performance. The company achieved its highest net new customer additions in over six years, with 2,700 new customers, alongside a notable Net Revenue Retention (NRR) rate of 119%. Forecasts suggest that total revenue could reach $579 million, reflecting a year-over-year increase of 21%, with Atlas revenue anticipated to grow by 25%, further underscoring the company's favorable momentum in the market.
Bears say
MongoDB's financial outlook appears negative due to projected declines in Atlas New Annual Recurring Revenue (ARR) of 6% and management's expectation of high-single-digit declines in Non-Atlas revenue, primarily stemming from a $50 million revenue headwind related to reduced multi-year license contracts. Despite reporting a Non-GAAP operating income of $87 million, which exceeded consensus expectations, the underlying metrics signal potential challenges in sustaining revenue growth. The reliance on non-Atlas license performance and slower headcount growth raises concerns about the company's ability to maintain long-term profitability in a competitive market.
This aggregate rating is based on analysts' research of MongoDB and is not a guaranteed prediction by Public.com or investment advice.
MongoDB (MDB) Analyst Forecast & Price Prediction
Start investing in MongoDB (MDB)
Order type
Buy in
Order amount
Est. shares
0 shares