MongoDB Affirms Outlook and Accelerates Stock Price Reversal
MongoDB (NASDAQ:)’s stock price surged following its FQ1 earnings release, as the results and guidance affirmed the analysts’ outlook, prompting them to lift their stock price targets. After a year of waiting for the second wave of AI, the application wave is gaining traction.
The results include a multi-year high in client acquisitions, up 4.75% sequentially and 16% year-over-year (YOY), and strength in all operating metrics that point to accelerating business momentum in 2025.
To be fair, the analysts’ response is mixed. The first dozen or so revisions tracked by MarketBeat include a single price target reduction. However, the reduction is to $290, above the consensus, which is forecasting a 25% upside in addition to the 15%…
