MongoDB, Inc. (NASDAQ:MDB) reaffirmed with a “Buy” rating by Loop Capital Markets, with expectations of a decrease in earnings per share but an increase in quarterly revenue.
The company’s recent acquisition of Voyage AI aims to enhance its AI capabilities and expand its market presence, despite a slight decline in share price following the announcement.
Analyst ratings show cautious optimism, with price targets adjusted to $350, reflecting confidence in MongoDB’s future performance.
MongoDB, Inc. (NASDAQ:MDB) is a leading provider of database solutions, known for its open-source database platform that supports a wide range of applications. The company competes with other database providers like Oracle and Microsoft. On March 5, 2025, Loop Capital Markets reaffirmed their “Buy” rating for MongoDB, with the stock priced at $254.38 at the time of the announcement.
MongoDB is set to release its fourth-quarter financial results after the market closes on March 5. Analysts expect earnings of 67 cents per share, down from 86 cents per share in the same period last year. Despite this decrease, MongoDB is projected to see an increase in quarterly revenue, with expectations of $519.84 million compared to $458 million a year ago.
Recently, MongoDB acquired Voyage AI, a company known for its advanced AI applications, on February 24. Despite this strategic acquisition, MongoDB’s shares declined by 1.9%, closing at $254.38 on Tuesday. The acquisition is part of MongoDB’s strategy to enhance its AI capabilities and expand its market presence.
In terms of analyst ratings, Rosenblatt’s Blair Abernethy, with a 71% accuracy rate, maintained a Buy rating with a price target of $350 as of March 4, 2025. Similarly, Loop Capital’s Yun Kim also maintained a Buy rating but adjusted the price target from $400 to $350 on March 3, 2025. This reflects a cautious optimism among analysts regarding MongoDB’s future performance.
MongoDB’s stock has traded between a low of $245.69 and a high of $259.58 today. Over the past year, the stock has reached a high of $424 and a low of $212.74. With a market capitalization of approximately $18.94 billion, MongoDB remains a significant player in the database industry. The trading volume for the day is 1,662,885 shares on the NASDAQ exchange, indicating active investor interest.
