
MongoDB (MDB) Stock Forecast & Price Target
MongoDB (MDB) Analyst Ratings
Bulls say
MongoDB has demonstrated a strong performance with a total net annual recurring revenue (ARR) expansion rate of 120%, reflecting consistent growth in customer revenue and account retention. The company's customer base has expanded significantly, adding around 2,600 customers sequentially and 19% year-over-year, which highlights the increasing adoption of its database offerings. Additionally, a notable improvement in free cash flow, rising to $140 million from $35 million in the previous year, signals enhanced operational efficiency and strong cash generation capabilities, further contributing to a positive outlook on the company's financial health.
Bears say
MongoDB's gross profit margin has declined to 74% from 77% the previous year, primarily due to the increasing contribution of the lower-margin MongoDB Atlas. Additionally, the company has experienced an 8% decline in non-Atlas revenue, indicating potential challenges in its core offerings amidst growing competition and pricing pressures. Coupled with macroeconomic uncertainties and high trading multiples, these factors contribute to a negative outlook regarding MongoDB's financial stability and future growth prospects.
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
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