Needham Stick to Their Buy Rating for MongoDB Inc By Investing.com

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Needham Stick to Their Buy Rating for MongoDB Inc

Jun 10, 2020 05:38AM ET

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Needham analyst Jack Andrews reiterated a Buy rating on MongoDB (NASDAQ:MDB) Inc on Wednesday, setting a price target of $259, which is approximately 27.04% above the present share price of $203.88.

Andrews expects MongoDB Inc to post earnings per share (EPS) of -$0.94 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in MongoDB, with an average price target of $233.7.
The analysts price targets range from a high of $280 to a low of $169.

In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $130.33 million and a net profit of -$42.04 million. The company's market cap is $11.72 billion.

According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.6% and a 66.83% success rate.

MongoDB, Inc. engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Atlas (NYSE:ATCO), and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan, and Geir Magnusson Jr. in 2007 and is headquartered in New York, NY.

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