MDB Stock Recent News

Dev Ittycheria, MongoDB CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat Q4 expectations but gave disappointing first-quarter and full-year guidance, growth outlook, and more.

The headline numbers for MongoDB (MDB) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MongoDB (MDB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.57 per share a year ago.

MongoDB stock tumbled late Thursday, despite the database software company posting an earnings beat.

MongoDB is expected to report strong sales growth but declining earnings on Thursday. On Wednesday, Citigroup raised its price target on MongoDB stock despite the forebodings.

MongoDB scored a price target increase ahead of its earnings report Thursday. While the analyst doesn't discount volatility, he thinks the stock is a buy on any pullback.

Citigroup raised its price target on MongoDB Inc   (NASDAQ:MDB) stock to $550 from $515, ahead of the software company's fourth-quarter earnings report, which is due out after the market close tomorrow.

MongoDB's (MDB) fourth-quarter fiscal 2024 results are expected to reflect growth in direct sales customers, driven by strengthening partnerships.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

MongoDB (MDB) reachead $447.55 at the closing of the latest trading day, reflecting a +0.92% change compared to its last close.