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Shares of database disruptor MongoDB (MDB -2.54%) rallied 17.7% this week through Friday as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.
MongoDB's NASDAQ: MDB stock price surged following its FQ1 earnings release, as the results and guidance affirmed the analysts' outlook, prompting them to lift their stock price targets. After a year of waiting for the second wave of AI, the application wave is gaining traction.
Upgrading MongoDB to a buy after strong Q1 results, better-than-expected guidance, and a $1 billion buyback program. MDB consistently beats earnings estimates, with Q1 EPS and revenue smashing both consensus and internal guidance. Valuation remains attractive for a high-growth AI software company, with a forward P/E around 40 and P/S near 7.
MongoDB's stock continues to rebound and is now up over 50% from the lows, supported by strong Q1 results. Of note, Atlas revenue growth reaccelerated during the quarter, despite consumption being depressed in April. Concerns over margins, PostgreSQL competition, and a lack of AI exposure are overblown.
Dev Ittycheria, MongoDB CEO, joins 'Closing Bell Overtime' to talk quarterly results, AI adoption, full year guidance and more.
Here's our initial take on MongoDB's (MDB 12.85%) fiscal 2026 first-quarter financial report.
MongoDB Inc. MDB reported better-than-expected first-quarter financial results for fiscal 2026 after the market closed on Wednesday.
While the top- and bottom-line numbers for MongoDB (MDB) give a sense of how the business performed in the quarter ended April 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MongoDB (MDB 12.96%) stock, provider of cloud-based database services, soared 15.8% through 11:15 a.m. ET Thursday after announcing tremendous earnings last night.
MongoDB Inc (NASDAQ: MDB) rallied more than 15% on Thursday after reporting a strong first quarter and raising its guidance for the full year. The company's earnings release indicated increased demand from enterprises and startups for modernized software and AI-focused application development.