• MDB is approaching key resistance levels. Check the market position here.
Here are some key analyst takeaways:
Cantor Fitzgerald analyst Thomas Blakey reaffirmed an Overweight rating, while lifting the price target from $406 to $454.
RBC Capital Markets analyst Rishi Jaluria maintained an Outperform rating, while raising the price target from $405 to $450.
Goldman Sachs analyst Matthew Martino reiterated a Buy rating, while taking the price target higher from $405 to $475.
Wedbush analyst Dan Ives reaffirmed an Outperform rating, while lifting the price target from $400 to $440.
Guggenheim Securities analyst Howard Ma maintained a Buy rating, while raising the price target from $400 to $450.
Citizens JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating, while taking the price target higher from $435 to $475.
Scotiabank analyst Patrick Colville reaffirmed a Sector Perform rating, while lifting the price target from $320 to $415.
Needham analyst Mike Cikos maintained a Buy rating, while raising the price target from $365 to $480.
Rosenblatt Securities analyst Blair Abernethy reiterated a Buy rating, while lifting the price target from $385 to $425.
Check out other analyst stock ratings.
Cantor Fitzgerald: MongoDB delivered a beat-and-raise quarter, "driven by broad strength across Atlas and more so by Enterprise Advanced (EA)," Blakey said in a note. The company reported "impressive" operating margins of around 20% and its guidance for the fiscal fourth quarter implies around 21%, he added.
Some operating expenses have been pushed out to the fourth quarter and to fiscal 2027 the analyst stated. "We continue to view MongoDB as well-positioned to benefit from increased investment in modernizing corporate data stacks to take advantage ...
