These Analysts Slash Their Forecasts On MongoDB After Q1 Results
Portfolio Pulse from Avi Kapoor
MongoDB, Inc. (NASDAQ:MDB) reported strong Q1 earnings but issued weak FY25 guidance, leading to a 7.2% drop in share price. Analysts from Piper Sandler and Needham have slashed their price targets while maintaining positive ratings.
May 31, 2024 | 11:27 am
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MongoDB reported strong Q1 earnings but issued weak FY25 guidance, leading to a 7.2% drop in share price. Analysts from Piper Sandler and Needham have slashed their price targets while maintaining positive ratings.
Despite strong Q1 earnings, MongoDB's weak FY25 guidance has led to a significant drop in share price. Analysts have responded by lowering their price targets, indicating a bearish short-term outlook.
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