After-hours movers: Marvell Technology, MongoDB, Zscaler and more

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Marvell (MRVL) PT Lowered to $90 at CFRA

March 6, 2025 2:48 PM EST

CFRA analyst Angelo Zino lowered the price target on Marvell (NASDAQ: MRVL) to $90.00 (from $130.00) while maintaining a Strong Buy rating.

The analyst comments "We reduce our 12-month target price to $90 from $130, which is based on a lower revised peer... More

Marvell (MRVL) PT Lowered to $100 at Jefferies

March 6, 2025 10:12 AM EST

Jefferies analyst Blayne Curtis lowered the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $120.00) while maintaining a Buy rating.

The analyst comments "The modest upside to estimates is clearly a disappointment vs elevated expectations for Trn 2 heading into the print,... More

William Blair Reiterates Outperform Rating on MongoDB (MDB)

March 6, 2025 7:41 AM EST

William Blair analyst Jason Ader reiterated an Outperform rating on MongoDB (NASDAQ: MDB).

The analyst comments "Strong Fourth Quarter. MongoDB beat revenue consensus by $27.8 million (20% year-over-year growth, 5.3% above consensus versus the trailing-four-quarter average of 4.1%), driven by strong new workload acquisition (particularly within existing Atlas customers),... More

William Blair Reiterates Outperform Rating on Marvell (MRVL)

March 6, 2025 7:40 AM EST

William Blair analyst Sebastien Naji reiterated an Outperform rating on Marvell (NASDAQ: MRVL).

The analyst comments "AI Momentum Continues. Marvells strong data center performance was driven by continued demand for AI solutions. Marvells AI business as of the fourth quarter is split evenly... More

MongoDB (MDB) PT Lowered to $270 at Needham

March 6, 2025 6:15 AM EST

Needham analyst Mike Cikos lowered the price target on MongoDB (NASDAQ: MDB) to $270.00 (from $415.00) while maintaining a Buy rating.

The analyst comments "MongoDB guided FY26 well below expectations, after quantifying a significantly larger Revenue benefit over the last 12 months (in hindsight) -... More

MongoDB (MDB) PT Lowered to $300 at Truist Securities

March 6, 2025 6:03 AM EST

Truist Securities analyst Miller Jump lowered the price target on MongoDB (NASDAQ: MDB) to $300.00 (from $400.00) while maintaining a Buy rating.

The analyst comments "Following significant uncertainty going into their 4Q25 earnings call, MDB produced results with upside to our expectations... More

MongoDB (MDB) PT Lowered to $340 at Stifel

March 6, 2025 5:34 AM EST

Stifel analyst Brad Reback lowered the price target on MongoDB (NASDAQ: MDB) to $340.00 (from $425.00) while maintaining a Buy rating.

The analyst comments "Although Mongo posted a solid quarter (~4-5% Atlas and >900bps OM beats), another mixed guide (FY26 revenue guidance of ~$2.26B, below... More

Marvell (MRVL) PT Lowered to $130 at Barclays

March 6, 2025 5:33 AM EST

Barclays analyst Tom O\'Malley lowered the price target on Marvell (NASDAQ: MRVL) to $130.00 (from $150.00) while maintaining a Overweight rating.

The analyst comments "Solid numbers missed the high watermark set by the rest of the AMZN supply chain. While the company continues to sound good re: the... More

Zscaler (ZS) PT Raised to $250 at JPMorgan

March 6, 2025 5:28 AM EST

JPMorgan analyst Brian Essex raised the price target on Zscaler (NASDAQ: ZS) to $250.00 (from $240.00) while maintaining a Overweight rating.

The analyst comments "Solid 2Q results support greater confidence into the back half of FY25 with little unscheduled acceleration now needed. Zscaler delivered billings, revenue, profitability and FCF all above expectations. Strong 2Q execution enabled the company to increase guidance across each of these metrics. Results were driven by better sales productivity and demand for the companys Zero Trust Everywhere... More

Marvell (MRVL) PT Lowered to $100 at Jefferies

March 6, 2025 5:20 AM EST

Jefferies analyst Blayne Curtis lowered the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $120.00) while maintaining a Buy rating.

The analyst comments "The modest upside to estimates is clearly a disappointment vs elevated expectations for Trn 2 heading into the print,... More