These Analysts Revise Their Forecasts On MongoDB After Q4 Results
Portfolio Pulse from Avi Kapoor
MongoDB, Inc. (NASDAQ:MDB) reported higher-than-expected Q4 earnings and sales but provided weaker FY25 guidance. Earnings per share were 86 cents, surpassing the 47 cents estimate, with sales at $458 million against a $433.73 million estimate. However, FY25 earnings and revenue forecasts fell below analyst expectations, leading to mixed reactions from analysts who adjusted their price targets on MongoDB, with most maintaining positive ratings but lowering their price targets.
March 08, 2024 | 1:15 pm
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NEUTRAL IMPACT
MongoDB reported strong Q4 results but issued weak FY25 guidance, leading to a mix of price target adjustments by analysts. Despite the adjustments, the stock gained 0.6% to close at $412.01.
The strong Q4 performance of MongoDB is likely to maintain investor confidence in the short term, despite the weak FY25 guidance. The adjustments in price targets by analysts reflect a cautious but still optimistic outlook, which could lead to a neutral short-term impact on the stock price. The stock's slight gain post-announcement indicates a balanced market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100