The Latest Breaking News from MongoDB

MongoDB Inc (NASDAQ: MDB) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected top-line results and issued guidance above analyst estimates.

MongoDB (NASDAQ:MDB) is set to give its latest quarterly earnings report on Wednesday, 2022-06-01. Here's what investors need to know before the announcement. Analysts estimate that MongoDB will report an earnings per share (EPS) of $-0.09.

Over the past 3 months, 9 analysts have published their opinion on MongoDB (NASDAQ:MDB) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

UBS analyst Karl Keirstead upgraded MongoDB Inc (NASDAQ:MDB) to Buy from Neutral with a price target of $450, up from $345 (20.8% upside). Channel checks suggested MongoDB benefits directly from the mega-trend to build new applications using a micro-services architecture, solidifying his view that MongoDB is a "play on the apps modernization mega-trend." The shares…

MongoDB Inc (NASDAQ:MDB) has expanded a multi-year strategic collaboration agreement (SCA) with Amazon.Com Inc (NASDAQ:AMZN) Amazon Web Services Inc (AWS). Under the six-year agreement, MongoDB and AWS will deploy initiatives to make it easier for joint customers to advance cloud adoption. Both companies have agreed to collaborate across sales, customer support, solution architecture, marketing. The parties will…

MongoDB Inc (NASDAQ: MDB) has trimmed about one-third of its market cap year-to-date, but shares are showing signs of life after the company reported better-than-expected results earlier this week. 

Analysts remained positive on MongoDB Inc (NASDAQ:MDB) despite slashing their price targets on the stock post Q4 results. Barclays analyst Raimo Lenschow lowered the PT to $410 from $556 (25% upside) and kept an Overweight. Atlas growth accelerated again compared to previous years. Morgan Stanley kept an Overweight with an unchanged price target of $633 (90%…

MongoDB Inc (NASDAQ: MDB) shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. The company also issued Q1 and FY23 EPS and sales guidance above analyst estimates.

MongoDB (NASDAQ:MDB) reported its Q4 earnings results on Tuesday, March 8, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings MongoDB beat estimated earnings by 59.09%, reporting an EPS of $-0.09 versus an estimate of $-0.22.