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].

Career and Expertise of Bert Hochfeld - Bert Hochfeld holds a degree in economics from the University of Pennsylvania and an MBA from Harvard [1] - He has a long career in the tech industry, working for companies such as IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software [1] - Starting in the 1990s, he worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of the software space [1] - In 2001, he founded Hochfeld Independent Research Group, providing research services to major institutions like Fidelity, Columbia Asset, and SAC Capital [1] - He operated the Hepplewhite Fund, a hedge fund specializing in technology investments, which was rated as the best-performing small-cap fund for the 5 years ending in 2011 by Hedge Fund Research [1] - He has published over 500 articles on Seeking Alpha, focusing on companies in the information technology space [1] - He ranks in the top 0.1% of Tip Ranks analysts for his selection of information technology stocks and their subsequent successes [1] Legal and Ethical Issues - In 2012, Bert Hochfeld was convicted of misappropriating funds from a hedge fund he operated [1] Analysis of MongoDB (NASDAQ: MDB) - The latest earnings release for MongoDB (NASDAQ: MDB) did not show signs of an inflection point [2] - The article questions whether MongoDB can return to its growth trajectory [2]

Zacks Rating Upgrade for MongoDB - MongoDB has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a powerful factor influencing stock prices [1] - The Zacks rating system relies solely on changes in a company's earnings picture, tracking EPS estimates for the current and following years through the Zacks Consensus Estimate [1] - The upgrade reflects positivity about MongoDB's earnings outlook, which could translate into buying pressure and an increase in its stock price [3] Earnings Estimate Revisions and Stock Price Movement - Changes in a company's future earnings potential, as reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [4] - Institutional investors use earnings estimates to calculate the fair value of a company's shares, and their bulk investment actions lead to price movements [4] - For MongoDB, rising earnings estimates and the consequent rating upgrade indicate an improvement in the company's underlying business, which should push the stock higher [5] Zacks Rank System and Its Effectiveness - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - The system maintains an equal proportion of 'buy' and 'sell' ratings for over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating and the next 15% receiving a 'Buy' rating [9] - MongoDB's placement in the top 20% of Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term [10][11] MongoDB's Earnings Estimates - MongoDB is expected to earn $2 97 per share for the fiscal year ending January 2025, representing a year-over-year change of -10 8% [8] - Over the past three months, the Zacks Consensus Estimate for MongoDB has increased by 23 9% [8]