On June 1, MongoDB rose 5.32% in regular trading, trading at $369.165/share, with trading volume of $344 million, extending the strong momentum following its recent earnings release.
The continued rally is driven by the company's FY2027 Q1 earnings report, which beat expectations across the board: adjusted EPS came in at $1.32, well above the consensus estimate of $1.19 and representing 32% year-over-year growth; revenue reached $688 million, up 25% YoY and significantly above the expected $665 million. The company simultaneously raised full-year guidance, with revenue now expected between $2.92 billion and $2.96 billion, while Q2 EPS guidance midpoint of $1.60 far exceeded the market estimate of $1.29.
Following the earnings release, multiple Wall Street firms raised their target prices on MongoDB, including Morgan Stanley to $380, Citi to $450, along with upgrades from Barclays and Oppenheimer. Peer stock Snowflake rose 5.67% on the same day, reflecting broader software sector recovery and positive sentiment spillover.
(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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