MongoDB (MDB) PT Lowered to $300 at UBS

MongoDB (MDB) Soars After Topping Q1 Views, Analysts Positive but Cautious as Long-Term Competitive Concerns Remain

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

UPDATE: MongoDB (MDB) PT Raised to $300 at Mizuho Securities

(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

MongoDB (MDB) PT Raised to $415 at Needham & Company

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

MongoDB (MDB) Tops Q1 EPS by 21c, Revenues Beat; Guides

MongoDB (NASDAQ: MDB) reported Q1 EPS of ($0.15), $0.21 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $181.6 million versus the consensus estimate of $170 million.

"MongoDB delivered an excellent start to fiscal 2022, highlighted by 73% growth of Atlas. Five years ago this month we launched... More