MongoDB's Concerns About Outlook Despite Strong Q4 Results: Analysts Revise Forecasts
Portfolio Pulse from Priya Nigam
MongoDB Inc (NASDAQ:MDB) shares fell after reporting strong Q4 results but weak fiscal 2025 guidance, missing consensus estimates for growth and operating margins. Analysts from DA Davidson, Truist Securities, KeyBanc Capital Markets, Goldman Sachs, Mizuho Securities, Needham, and JMP Securities provided mixed reactions, adjusting their price targets and ratings based on the guidance and the company's performance. The guidance reflects challenges including a $80M headwind from non-recurring revenues and increased hiring impacting operating margins.
March 08, 2024 | 6:14 pm
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MongoDB Inc reported strong Q4 results but issued weak fiscal 2025 guidance, leading to a share price decline. Analysts have mixed views, with some adjusting price targets downwards due to concerns over growth and margins.
The share price of MongoDB Inc is likely to face short-term pressure due to the weak fiscal 2025 guidance issued by the company, which missed consensus estimates for growth and operating margins. This has led to a negative reaction from the market and analysts, with several adjusting their price targets and ratings. The concerns over a $80M headwind from non-recurring revenues and the impact of increased hiring on operating margins are significant factors contributing to the negative outlook.
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