On August 27, MongoDB Inc. rose 5.17% in regular trading, trading at $431.86/share, with turnover of $32.51 million. The rally was driven by a wave of analyst price target upgrades ahead of the company's fiscal Q2 earnings report scheduled for September 1.
Several major institutions have raised their price targets in recent weeks: UBS lifted its target from $350 to $460 while maintaining a neutral rating; Truist raised its target to $475 with a buy rating; Bank of America increased its target to $540; and Evercore initiated coverage with an outperform rating and a $525 target, highlighting that cloud database product Atlas contributes approximately 75% of revenue and demonstrates strong resilience against AI disruption. Oppenheimer also reiterated its outperform rating, boosting its target to $475.
The market consensus expects fiscal Q2 revenue of $733 million, representing 32.43% year-over-year growth, with adjusted EPS of $1.61, up 143.46% year-over-year.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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