These Analysts Raise Their Forecasts On MongoDB After Upbeat Q1 Results
Portfolio Pulse from Lisa Levin
MongoDB (NASDAQ:MDB) reported better-than-expected Q1 results with adjusted earnings of 56 cents per share and revenue of $368.28 million. The company also issued strong Q2 and full-year 2024 revenue projections. Following the announcement, several analysts raised their price targets on MongoDB.
June 02, 2023 | 11:41 am
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MongoDB reported strong Q1 results and raised revenue projections, leading to multiple analysts raising their price targets on the stock.
MongoDB's better-than-expected Q1 results and strong revenue projections for Q2 and full-year 2024 indicate a positive outlook for the company. This has led several analysts to raise their price targets, which is likely to have a positive short-term impact on the stock price.
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