Fintel reports that on November 8, 2023, Capital One upgraded their outlook for MongoDB Inc - (NASDAQ:MDB) from Equal-Weight to Overweight .
Analyst Price Forecast Suggests 18.94% Upside
As of November 1, 2023, the average one-year price target for MongoDB Inc - is 438.93. The forecasts range from a low of 252.50 to a high of $525.00. The average price target represents an increase of 18.94% from its latest reported closing price of 369.04.
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The projected annual revenue for MongoDB Inc - is 1,594MM, an increase of 7.20%. The projected annual non-GAAP EPS is 0.49.
What is the Fund Sentiment?
There are 1312 funds or institutions reporting positions in MongoDB Inc -. This is an increase of 127 owner(s) or 10.72% in the last quarter. Average portfolio weight of all funds dedicated to MDB is 0.49%, an increase of 31.11%. Total shares owned by institutions increased in the last three months by 0.55% to 77,593K shares. 
The put/call ratio of MDB is 1.39, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 5,034K shares representing 7.06% ownership of the company. In it's prior filing, the firm reported owning 7,594K shares, representing a decrease of 50.84%. The firm increased its portfolio allocation in MDB by 8.79% over the last quarter.
Jennison Associates holds 3,734K shares representing 5.23% ownership of the company. In it's prior filing, the firm reported owning 1,989K shares, representing an increase of 46.74%. The firm decreased its portfolio allocation in MDB by 12.72% over the last quarter.
Jpmorgan Chase holds 3,344K shares representing 4.69% ownership of the company. In it's prior filing, the firm reported owning 3,590K shares, representing a decrease of 7.36%. The firm increased its portfolio allocation in MDB by 46.48% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,092K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 2,036K shares, representing an increase of 2.66%. The firm increased its portfolio allocation in MDB by 67.11% over the last quarter.
Capital World Investors holds 2,066K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 2,756K shares, representing a decrease of 33.42%. The firm increased its portfolio allocation in MDB by 22.96% over the last quarter.
MongoDB Background Information
(This description is provided by the company.)
MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 22,600 customers in over 100 countries. The MongoDB database platform has been downloaded over 130 million times and there have been more than one million MongoDB University registrations.
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This story originally appeared on Fintel.
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