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On Tuesday, UBS analyst Karl Keirstead adjusted the price target for MongoDB stock, traded on NASDAQ under the ticker (NASDAQ:MDB), reducing it to $213.00 from the previous target of $250.00. Despite this change, Keirstead maintained a Neutral rating on the company’s shares. According to InvestingPro data, the stock is currently trading at $187.84, with analyst targets ranging from $160 to $430.
The revision comes as MongoDB approaches its first-quarter earnings report, which is scheduled for release on June 4th. InvestingPro analysis shows the company achieved 19.22% revenue growth in the last twelve months, with a strong financial position indicated by a 5.2 current ratio. Keirstead’s assessment took into account several checks and industry data points from recent months, particularly to address investor concerns regarding MongoDB’s revenue growth forecast. There has been particular interest in understanding the company’s projection of just 14% revenue growth in FY26 and whether this figure is conservative or indicative of broader industry challenges, such as increased competition or secular shifts.
Keirstead’s analysis suggests that the current revenue multiple for calendar year 2026, which stands at approximately 4.7 times, shows limited downside risk. Nevertheless, the UBS analyst expressed enough concern about the long-term industry trends affecting MongoDB to maintain a Neutral stance on the stock.
The price target adjustment reflects a cautious outlook on MongoDB’s growth trajectory amid evolving market conditions. Keirstead’s commentary highlights the balance of risk and opportunity as investors and analysts alike weigh the potential impacts of the industry headwinds on MongoDB’s future performance. As the market anticipates the upcoming earnings report, MongoDB’s stock price will likely continue to be influenced by these factors and the company’s ability to navigate the challenges ahead.
In other recent news, MongoDB has made several significant announcements that could impact investor sentiment. The company has appointed Mike Berry as its new Chief Financial Officer, effective May 27, 2025. Berry, who brings over three decades of experience from companies like NetApp (NASDAQ:NTAP) and McAfee, is expected to lead MongoDB’s financial operations and support its strategic objectives. Meanwhile, RBC Capital maintains an Outperform rating for MongoDB with a $320 price target, citing strong subscription growth and Berry’s appointment as positive indicators for the company’s future performance.
Conversely, Scotiabank (TSX:BNS) has adjusted its price target for MongoDB to $160 from $240, maintaining a Sector Perform rating due to concerns over competitive pressures and market traction. Analyst Patrick Colville noted a decline in MongoDB’s share of new database workloads, suggesting challenges in expanding its market presence. Additionally, the resignation of interim CFO Srdjan Tanjga, effective May 8, 2025, has been announced, with MongoDB in the final stages of appointing a successor. Tanjga is set to join Appian (NASDAQ:APPN) Corporation as their CFO, and MongoDB expects to announce his replacement within 7-10 days.
These developments come ahead of MongoDB’s first-quarter fiscal year 2026 financial results, scheduled for release on June 4, 2025. Investors are encouraged to review these results and participate in the subsequent conference call for further insights into the company’s performance and outlook.
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