MongoDB, Inc. Announces Third Quarter Fiscal 2022 Financial Results

MongoDB (MDB) PT Raised to $626 at Needham & Company

Needham & Company analyst Jack Andrews raised the price target on MongoDB (NASDAQ: MDB) to $626.00 (from $534.00) while maintaining a Buy rating.

The analyst commented, "MDB reported yet another quarter of strong revenue acceleration in 3QFY22, leading to very large magnitudes of beats relative to... More

MongoDB (MDB) PT Raised to $550 at Stifel

Stifel analyst Brad Reback raised the price target on MongoDB (NASDAQ: MDB) to $550.00 (from $495.00) while maintaining a Buy rating following results.

The analyst commented, "Mongo beat across all metrics, as Atlas reached >$500M revenue run rate, with the 84% Y/Y growth accelerating... More

MongoDB (MDB) PT Raised to $545 at Goldman Sachs

Goldman Sachs analyst Kash Rangan raised the price target on MongoDB (NASDAQ: MDB) to $545.00 (from $475.00) while maintaining a Buy rating following strong results.

The analyst commented, "Following strong 3Q results from SNOW and DDOG, we continue to see broad based cloud momentum across... More

MongoDB (MDB) Stock Surges 17% Following Q3 'Beat and Raise'

MongoDB (NASDAQ: MDB) shares were trading more than 17% higher after-hours following the companys reported Q3 results, with EPS coming in at ($0.11), better than the consensus estimate of ($0.37). Quarterly revenue grew 50% year-over-year to $226.9 million, beating the consensus estimate of $205.14 million. Subscription and services revenues came in at... More

MongoDB (MDB) Tops Q3 EPS by 26c, Q4 Guidance Beats

MongoDB (NASDAQ: MDB) reported Q3 EPS of ($0.11), $0.26 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $226.9 million versus the consensus estimate of $205.14 million.

GUIDANCE:

MongoDB sees Q4 2022 EPS of ($0.24)-($0.21), versus the consensus of ($0.34). MongoDB sees Q4... More