MongoDB (MDB) Tops Q1 EPS by 21c, Revenues Beat; Guides
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June 4, 2021 8:44 AM EDT
UBS analyst Karl Keirstead lowered the price target on MongoDB (NASDAQ: MDB) to $300.00 (from $325.00) while maintaining a Neutral rating.
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June 4, 2021 6:53 AM EDT
Shares of MongoDB (NASDAQ: MDB) are up more than 8% in pre-open trading Friday after the tech company reported better-than-expected results for its Q1.
MDB said it made a loss of $0.25 per share on sales of $181.6 million which compares to the expected loss of $0.36 per share on sales of $169.8 million.
"MongoDB delivered an excellent start to fiscal 2022, highlighted by 73% growth of Atlas. Five years ago this month we launched Atlas with the idea that customers would value a fully managed MongoDB database as a service offering from the company that built MongoDB.... More
June 4, 2021 6:27 AM EDT
(Updated - June 4, 2021 6:52 AM EDT)
Mizuho Securities analyst Matthew Broome raised the price target on MongoDB (NASDAQ: MDB) to $300.00 (from $265.00) while maintaining a Neutral rating.
The analyst commented, "MDB had a positive start to the year, with upside to revenue,... More
June 4, 2021 6:21 AM EDT
Needham & Company analyst Jack Andrews raised the price target on MongoDB (NASDAQ: MDB) to $415.00 (from $409.00) while maintaining a Buy rating.
The analyst commented, "MDB reported strong 1QFY22 results as revenue was well ahead of consensus and the mid-point of guidance for FY22... More
