Benzinga | Sep 17, 2021 12:10PM EDT

Analyst Ratings For MongoDB

Within the last quarter, MongoDB (NASDAQ:MDB) has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 3 7 3 0 0Last 30 Days 0 1 0 0 01 Month Ago 2 6 2 0 02 Months Ago 0 0 0 0 03 Months Ago 1 0 1 0 0

These 13 analysts have an average price target of $466.08 versus the current price of MongoDB at 506.645, implying downside.

Below is a summary of how these 13 analysts rated MongoDB over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has increased by 19.44% from the previous average price target of $390.23.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.