MongoDB (MDB) Shares Soar 10% on Q4 Beat and Better Than Expected Outlook

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MongoDB (MDB) PT Lowered to $410 at Oppenheimer

March 9, 2022 8:22 AM EST

Oppenheimer analyst Ittai Kidron lowered the price target on MongoDB (NASDAQ: MDB) to $410.00 (from $510.00) while maintaining a Outperform rating.

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Needham & Company Assumes MongoDB (MDB) at Buy

March 9, 2022 6:53 AM EST

Needham & Company analyst Mike Cikos assumes coverage on MongoDB (NASDAQ: MDB) with a Buy rating and a price target of $362.00 (from $626.00).

The analyst commented, "MongoDB closed FY22 with a strong print, where Atlas growth accelerated to 85% yr-yr and represented 58% of Total... More

MongoDB (MDB) Tops Q4 EPS by 13c, Guidance Beats

March 8, 2022 4:07 PM EST

MongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.09), $0.13 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $266.5 million versus the consensus estimate of $241.76 million.

GUIDANCE:

MongoDB sees Q1 2023 EPS of ($0.12)-($0.08), versus the consensus of ($0.17). MongoDB sees Q1... More