Citigroup raised its price target on MongoDB Inc (NASDAQ:MDB) stock to $550 from $515, ahead of the software company's fourth-quarter earnings report, which is due out after the market close tomorrow. Shares are up 2.2% at $413.83 at last check, and are bouncing off the 100-day moving average after a pullback from their Feb. 9, two-year peak of $509.63. In the last 12 months, MDB added 84.8%.The brokerage bunch is bullish, with 22 of the 27 firms in question calling the security a "buy" or better. Echoing t ...

Fourth Quarter Fiscal 2024 Financial Highlights Full Year Fiscal 2024 Financial Highlights • Revenue: Total revenue was $1.68 billion for the full year fiscal 2024, an increase of 31% year-over-year. Subscription revenue was $1.63 billion, an increase of 32% year-over-year, and services revenue was $55.7 million, an increase of 14% year-over-year. • Revenue: Total revenue was $458.0 million for the fourth quarter of fiscal 2024, an increase of 27% year-over- year. Subscription revenue was $444.9 million, an ...

MongoDB (MDB) is set to report fourth-quarter fiscal 2024 results on Mar 7.For fourth-quarter fiscal 2024, MongoDB expects revenues between $429 million and $433 million. The Zacks Consensus Estimate for revenues is currently pegged at $431.99 million, indicating growth of 19.56% year over year.The non-GAAP income from operations is anticipated in the range of $35-$38 million. Non-GAAP net income per share is estimated between 44 cents and 46 cents. For the quarter, the consensus mark for income per share h ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about MongoDB (MDB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MongoDB currently has an average br ...

In the latest trading session, MongoDB (MDB) closed at $447.55, marking a +0.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.9%.The the stock of database platform has risen by 10.72% in the past month, leading the Computer and Technology sector's gain of 1.9% and the S&P 500's gain of 3.85%.The investment community will be paying close attention to the earnings performance of MongoDB in its upcoming re ...

MongoDB Atlas—the most widely available cloud-based developer data platform in the world—now available in 117 regions across major cloud providers MongoDB Atlas provides tens of thousands of customers the performance, resilience, security, and flexibility modern applications require NEW YORK, Feb. 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) announced today that its industry-leading, multi-cloud developer data platform MongoDB Atlas is now available in six additional cloud regions in Canada, German ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MongoDB (MDB) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat.This database platform has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 101 ...

The most recent trading session ended with MongoDB (MDB) standing at $451.52, reflecting a +0.34% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.04% for the day. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.28%.The the stock of database platform has risen by 12.41% in the past month, leading the Computer and Technology sector's gain of 4.78% and the S&P 500's gain of 5.01%.Investors will be eagerly watching for the perf ...

MongoDB (MDB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this database platform have returned +4.2%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Internet - Software industry, which MongoDB falls in, has gained 9%. The key question now is: What could be the stock's future direction?While media releases or rumo ...

MongoDB (MDB) closed at $465.06 in the latest trading session, marking a -1.93% move from the prior day. This change lagged the S&P 500's daily loss of 0.48%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.82%.Heading into today, shares of the database platform had gained 20.92% over the past month, outpacing the Computer and Technology sector's gain of 8.1% and the S&P 500's gain of 5.3% in that time.Analysts and investors alike will be keeping a clo ...