Why MongoDB Stock Surged Today

Motley Fool02:45

MongoDB expanded its partnership with Microsoft, which can hopefully help the company grow. Financial results from Snowflake suggest that companies are ready to spend some more money on ...

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On one hand, the company's adoption could be about to improve thanks to a stronger relationship with Microsoft. And it also appears that spending for software might be picking back up. These are likely factors to explain why MongoDB stock was up 14% as of 1:50 p.m. ET.Could MongoDB's outlook be improving?Shares of Snowflake, a peer of MongoDB, are up big today after noting big gains in its customer count and its revenue under contract. In its fiscal second quarter of 2025, MongoDB's management noted that its consumption trends this year have been weak because of macroeconomic conditions. So the broader economic environment has been on investors' minds. And now that Snowflake's results are perking up, it bodes well for MongoDB.For its part, MongoDB is expected to report financial results for its fiscal third quarter of 2025 on Dec. 9. Investors will know then whether the optimism was warranted.However, it's not just Snowflake's results that have investors feeling more optimistic about MongoDB stock. On Tuesday the company expanded its partnership with Microsoft. Customers of both companies now have access to more products and features from MongoDB, which could help drive adoption.If there was any skepticism on Tuesday, it seems that investors' outlook for MongoDB is improving based on what's happening over at Snowflake.What to watch next quarter with MongoDBMongdoDB's Q2 revenue was only up by 13% year over year, but it guided for at least 14% growth in Q3. But with the outlook potentially improving, it's possible that MongoDB can deliver even better growth than this and that would almost assuredly excite investors.One particular area to watch when MongoDB reports Q3 results is adoption for its artificial intelligence (AI) products. AI adoption hasn't been as strong as hoped. So if adoption picks up, that could be further reason for optimism.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485442852"}