Morgan Stanley sees 'smaller beat' for MongoDB (MDB) but remains bullish

Morgan Stanley analyst Sanjit Singh reiterated an Overweight rating and $440.00 price target on MongoDB (NASDAQ: MDB) into earnings on Thursday August 31st, after the close.

The analyst commented, "While our checks point to improving underlying demand trends, the numbers setup heading into 2Q is tricky. We are expecting a smaller Q2 beat and a Q3 guide below actual Q2 results on a dollar basis. However, the path for accelerating growth + margins starting later this year keep us firmly OW."

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 $354.32 yesterday.

You May Also Be Interested In

• MongoDB (MDB) PT Raised at RBC Capital; 'Shares represent an attractive buying opportunity'
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
• Bernstein SocGen Group Reiterates Outperform Rating on JD.com, Inc (JD), 'very cheaply valued'