Morgan Stanley Reiterates Equalweight Rating on MongoDB (MDB) after earnings; still views slowdown as cyclical vs secular

Morgan Stanley analyst Sanjit Singh reiterated an Equalweight rating and $230.00 price target on MongoDB (NASDAQ: MDB).

"More pronounced seasonality in December and January weighed on customer consumption trends and the impact was broad-based. This translated to a disappointing FY24 rev outlook of 15-18%, but we still view the slowdown as cyclical vs. secular and remain optimistic on the LT opportunity."

For an analyst ratings summary and ratings history on MongoDB click here. For more ratings news on MongoDB click here.

Shares of MongoDB closed at $228.70 yesterday.

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