Last Updated: 10 Sep 2024
Executive Summary
MongoDB (MDB) is a leading provider of a global general purpose database platform. The company has a strong financial position with a market capitalization of $21.17 billion and revenue of $1.82 billion over the past twelve months. However, the company is currently unprofitable, with a negative EBITDA of $264.3 million. MongoDB is facing increasing competition from cloud-based database providers, but the company's strong product offerings and growing customer base position it well for long-term growth.
Company Overview
MongoDB is headquartered in New York City and has been providing its database platform since 2007. The company's platform is used by a variety of organizations, including Fortune 500 companies, startups, and government agencies. MongoDB's platform is known for its scalability, flexibility, and performance.
Fundamental Analysis
MongoDB's financial performance has been mixed in recent years. The company has grown its revenue at a compound annual growth rate (CAGR) of 30% over the past five years. However, the company has also been unprofitable, with a negative EBITDA margin of 14.5% over the past twelve months.
MongoDB's financial performance is expected to improve in the coming years. The company is expected to grow its revenue at a CAGR of 25% over the next five years. The company is also expected to become profitable, with an EBITDA margin of 10% by 2025.
Technical Analysis
MongoDB's stock price has been volatile in recent months. The stock price reached a 52-week high of $509.62 in November 2021. However, the stock price has since fallen to $286.58.
The stock price is currently below its 50-day moving average of $251.82 and its 200-day moving average of $341.87. This indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for MongoDB is mixed. The company is facing increasing competition from cloud-based database providers. However, the company's strong product offerings and growing customer base position it well for long-term growth.
Long Term Outlook
The long-term outlook for MongoDB is positive. The company is expected to grow its revenue and become profitable in the coming years. The company's strong product offerings and growing customer base position it well for long-term growth.
Analyst Recommendations
Analysts are generally positive on MongoDB. The average analyst rating for the stock is "buy." The average analyst target price for the stock is $340.7.
