MongoDB Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

MongoDB, Inc. MDB is expected to release its financial results for the fourth quarter, after the closing bell on March 7, 2024.

Analysts expect the New York-based company to report quarterly earnings at 47 cents share, down from 57 cents per share in the year-ago period. MongoDB is projected to post revenue of $434.19 million for the latest quarter, compared to $361.31 million in the year-earlier quarter, according to data from Benzinga Pro.

MongoDB recently expanded global availability of its industry-leading, multi-cloud developer data platform MongoDB Atlas to six additional cloud regions.

MongoDB shares gained 1.1% to close at $409.50 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Tyler Radke maintained a Buy rating and increased the price target from $515 to $550 on March 6, 2024. This analyst has an accuracy rate of 73%.
• Guggenheim analyst Howard Ma maintained a Sell rating and raised the price target from $250 to $272 on March 4, 2024. This analyst has an accuracy rate of 64%.
• Truist Securities analyst Miller Jump maintained a Buy rating and boosted the price target from $440 to $500 on Feb. 20, 2024. This analyst has an accuracy rate of 80%.
• Keybanc analyst Eric Heath maintained an Overweight rating and raised the price target from $500 to $543 on Feb. 14, 2024. This analyst has an accuracy rate of 64%.
• UBS analyst Karl Keirstead downgraded the stock from Buy to Neutral and slashed the price target from $475 to $410 on Jan. 4, 2024. This analyst has an accuracy rate of 77%.

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