MongoDB

By Jon Swartz MongoDB Inc.’s stock dropped 11% in after-hours trading Thursday following the company’s quarterly results, which included weak revenue guidance. MongoDB (MDB) provided first-quarter sales guidance of $436 million to $440 million, while FactSet analysts are forecasting $452 million. For the fiscal year, the company is estimating revenue of between $1.9 billion and $1.93 billion; FactSet analysts are modeling for $2.04 billion. The maker of a document-oriented database program reported a fiscal fourth-quarter net loss of $55.5 million, or 77 cents a share, compared with a net loss of $64.4 million, or 93 cents a share, in the same quarter a year ago. Adjusted earnings were 86 cents a share. Revenue jumped 27% to $458 million from $361.3 million in the year-ago quarter. Analysts surveyed by FactSet had expected on average net income of 46 cents a share on revenue of $437 million. Shares of MongoDB have rocketed […]

MongoDB (MDB) reported fiscal Q4 non-GAAP net income Thursday of $0.86 per diluted share, up from $0.57 a year earlier. Analysts polled by Capital IQ expected $0.48. Revenue in the quarter ended Jan. 31 rose to $458 million from $361.3 million a year earlier. Analysts surveyed by Capital IQ expected $435.6 million. The company expects fiscal Q1 non-GAAP diluted earnings of $0.34 to $0.39 a share on revenue of $436 million to $440 million. Analysts surveyed by Capital IQ expect EPS of $0.61 on revenue of $449.1 million. The company projects financial year 2025 EPS of $2.27 to $2.49 on revenue of $1.9 billion to $1.93 billion. Analysts surveyed by Capital IQ expect EPS of $3.22 on revenue of $2.03 billion. Shares of the company slumped 12% in after-hours activity.

By Eric J. Savitz MongoDB shares are down sharply in late trading after the provider of cloud-based database software provided disappointing guidance for both its April quarter and January 2025 fiscal year. For the January quarter, MongoDB reported revenue of $458 million, up 27% from a year ago and ahead of Wall Street’s consensus as tracked by FactSet of $437 million. Adjusted profits of 86 cents a share were also above the Street’s consensus of 46 cents. But the guidance was light. For the April quarter, MongoDB projects revenue of between $436 million and $440 million, with adjusted profits of 34 to 39 cents a share; The Street consensus estimates had called for $452 million in revenue and profits of 62 cents. For the January 2025 fiscal year, MongoDB sees revenue of between $1.9 billion and $1.93 billion, with profits of between $2.27 and $2.49 a share on an adjusted

Citigroup analyst Tyler Radke maintains MongoDB with a Buy and raises the price target from $515 to $550.

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 8.58% Truist Securities $440 → $500 Maintains Buy 02/14/2024 17.92% Keybanc $500 → $543 Maintains Overweight 01/26/2024 -12.05% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 -4.45% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 7.49% Needham → $495 Reiterates Buy → Buy 01/04/2024 -10.97% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 -8.79% Mizuho $330 → $420 Maintains Neutral 12/06/2023 3.15% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 3.8% Barclays $470 → $478 Maintains Overweight 12/06/2023 7.49% Needham $445 → $495 Maintains Buy 12/06/2023 8.58% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 -2.28% Stifel → $450 Reiterates Buy → Buy 11/16/2023 8.58% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 -6.62% Truist Securities → $430 Reiterates Buy →

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.56% Keybanc $500 → $543 Maintains Overweight 01/26/2024 -14.56% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 -7.17% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 4.43% Needham → $495 Reiterates Buy → Buy 01/04/2024 -13.5% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 -11.39% Mizuho $330 → $420 Maintains Neutral 12/06/2023 0.21% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 0.85% Barclays $470 → $478 Maintains Overweight 12/06/2023 4.43% Needham $445 → $495 Maintains Buy 12/06/2023 5.49% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 -5.06% Stifel → $450 Reiterates Buy → Buy 11/16/2023 5.49% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 -9.28% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 -9.91% Capital One → $427 Upgrades Equal-Weight

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 2% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 10.82% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 24.67% Needham → $495 Reiterates Buy → Buy 01/04/2024 3.26% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 5.78% Mizuho $330 → $420 Maintains Neutral 12/06/2023 19.63% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 20.39% Barclays $470 → $478 Maintains Overweight 12/06/2023 24.67% Needham $445 → $495 Maintains Buy 12/06/2023 25.93% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 13.34% Stifel → $450 Reiterates Buy → Buy 11/16/2023 25.93% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 8.3% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 7.54% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 10.82% Keybanc $495 → $440

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 21.94% Needham → $495 Reiterates Buy → Buy 01/04/2024 1% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 3.46% Mizuho $330 → $420 Maintains Neutral 12/06/2023 17.01% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 17.75% Barclays $470 → $478 Maintains Overweight 12/06/2023 21.94% Needham $445 → $495 Maintains Buy 12/06/2023 23.17% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 10.85% Stifel → $450 Reiterates Buy → Buy 11/16/2023 23.17% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 5.92% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 5.19% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 8.39% Keybanc $495 → $440 Maintains Overweight 10/12/2023 10.85% B of A Securities → $450 Initiates Coverage On → Buy 10/10/2023 -17.48% Scotiabank → $335 Initiates Coverage On

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 11.9% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 14.63% Mizuho $330 → $420 Maintains Neutral 12/06/2023 29.64% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 30.46% Barclays $470 → $478 Maintains Overweight 12/06/2023 35.1% Needham $445 → $495 Maintains Buy 12/06/2023 36.46% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 22.82% Stifel → $450 Reiterates Buy → Buy 11/16/2023 36.46% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 17.36% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 16.54% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 20.09% Keybanc $495 → $440 Maintains Overweight 10/12/2023 22.82% B of A Securities → $450 Initiates Coverage On → Buy 10/10/2023 -8.57% Scotiabank → $335 Initiates Coverage On → Sector Perform 10/06/2023 35.1% Tigress Financial $490 →

UBS analyst Karl Keirstead downgrades MongoDB (NASDAQ:MDB) from Buy to Neutral and lowers the price target from $475 to $410.

MongoDB, Inc. (NASDAQ: MDB) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/06/2023 21.6% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 9.44% Stifel → $450 Reiterates Buy → Buy 11/16/2023 21.6% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 4.57% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 3.84% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 7% Keybanc $495 → $440 Maintains Overweight 10/12/2023 9.44% B of A Securities → $450 Initiates Coverage On → Buy 10/10/2023 -18.53% Scotiabank → $335 Initiates Coverage On → Sector Perform 10/06/2023 20.38% Tigress Financial $490 → $495 Reiterates Buy → Buy 09/05/2023 9.44% Canaccord Genuity $410 → $450 Maintains Buy 09/05/2023 17.7% Argus Research $435 → $484 Maintains Buy 09/01/2023 13.08% UBS $425 → $465 Maintains Buy 09/01/2023 4.57% Truist Securities $420 → $430 Maintains Buy 09/01/2023 16.73% Morgan Stanley

MongoDB (MDB) has posted another quarter of outperformance and the company has the potential for sustained momentum into fiscal 2025, Oppenheimer said in a note to clients emailed Wednesday. “Solid execution by management continues to drive the company’s success in winning incremental workloads/customers, highlighting the mission-critical nature of MongoDB’s platform,” said Oppenheimer analysts including Ittai Kidron. The company reported fiscal Q3 non-GAAP diluted earnings late Tuesday of $0.96 per share, up from $0.23 a year earlier. Analysts polled by Capital IQ expected $0.50. Revenue for the quarter was $432.9 million, up from $333.6 million a year earlier. Analysts expected $404 million. “We see potential for sustained momentum into FY25,” the analysts said. “MongoDB’s mission-critical data platform is positioned to see increasing adoption from customers looking to modernize their architecture for new GenAI initiatives, and the recently released Vector Search can drive higher consumption from the existing base.” The investment firm