MongoDB (MDB) Stock Price: $405 Target And Buy Rating

By Amit Chowdhry ● Jun 7, 2022
  • The shares of MongoDB Inc (NASDAQ: MDB) have received a $405 price target from Citi. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) have received a $405 price target from Citi. And Citi analyst Tyler Radke is maintaining a “Buy” rating on the shares.

Earlier this month, MongoDB reported a Q1 EPS of ($0.20), which was $0.11 lower than analyst estimates of ($0.09). And the revenue for the quarter was $285.4 million compared to the consensus estimate of $266.45 million.

In terms of guidance, MongoDB expects Q2 2023 EPS of between ($0.31)-($0.28), compared to the consensus of ($0.14). And MongoDB expects Q2 2023 revenue of $279-282 million, versus the consensus of $277.85 million.

Plus MongoDB expects FY2023 EPS of ($0.31)-($0.16), compared to the consensus of ($0.37). And MongoDB expects FY2023 revenue of $1.172 billion and $1.192 billion, compared to the consensus of $1.18 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.