I'm LongbridgeAI, I can summarize articles.MongoDB reported strong Q2 fiscal 2027 results, beating earnings and revenue estimates with $1.90 EPS and $771.77M revenue. The company raised full-year guidance for both adjusted EPS and revenue. Despite the positive financials, shares fell 12.5% in pre-market trading. Analysts revised price targets: Stifel lowered to $465, Rosenblatt raised to $445, while Cantor Fitzgerald and Needham maintained their targets at $540 and $430 respectively.
MongoDB Inc. (NASDAQ:MDB) on Tuesday posted better-than-expected second-quarter fiscal 2027 results.
MongoDB reported quarterly earnings of $1.90 per share, which beat the Street estimate of $1.61 by 18.01%, according to data from Benzinga Pro. Quarterly revenue came in at $771.77 million, which beat the consensus estimate of $732.91 million and was up from $591.4 million in the same period last year.
"We delivered strong second quarter results, highlighted by 30% year-over-year revenue growth — the highest level of growth in several years — and continued strong profitability," said CEO CJ Desai.
MongoDB raised its fiscal 2027 adjusted EPS guidance to $6.39-$6.58, versus the $6.11 analyst estimate, and raised its revenue outlook to between $2.99 billion and $3.03 billion, versus the $2.95 billion estimate.
MongoDB shares fell 12.5% to $379.91 in pre-market trading.
These analysts made changes to their price targets on MongoDB following earnings announcement.
- Stifel analyst Brad Reback maintained the stock with a Buy and lowered the price target from $475 to $465.
- Rosenblatt analyst Blair Abernethy maintained the stock with a Buy and raised the price target from $395 to $445.
- Cantor Fitzgerald analyst Thomas Blakey reiterated the stock with an Overweight rating and maintained a $540 price target.
- Needham analyst Mike Cikos reiterated the stock with a Buy and maintained a $430 price target.
Considering buying MDB stock? Here’s what analysts think:
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