These Analysts Increase Their Forecasts On MongoDB Following Better-Than-Expected Q2 Results
Portfolio Pulse from Lisa Levin
MongoDB, Inc. (NASDAQ:MDB) reported better-than-expected Q2 results and issued FY24 guidance above estimates. The company's shares rose 6.9% following the announcement. Several analysts, including those from Piper Sandler, Needham, JMP Securities, Oppenheimer, Stifel, Guggenheim, Barclays, and Morgan Stanley, increased their price targets on MongoDB.
September 01, 2023 | 3:31 pm
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POSITIVE IMPACT
MongoDB's better-than-expected Q2 results and increased FY24 guidance led to a rise in its shares and increased price targets from several analysts.
MongoDB's strong Q2 results and increased FY24 guidance have positively impacted its stock price. The increased price targets from several analysts further indicate a positive outlook for the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100