MongoDB Slides Into Q4 Earnings: Bearish Signals Vs. Wall Street Optimism

Core Viewpoint - MongoDB Inc. is set to report its fourth-quarter earnings, with Wall Street expecting earnings per share (EPS) of 66 cents and revenues of $519.60 million, while the stock has experienced a significant decline of 37.60% over the past year but is up 3.31% year-to-date [1] Group 1: Stock Performance and Technical Analysis - MongoDB stock is currently trading at $253.40, showing a strongly bearish trend as it is below its five-day, 20-day, and 50-day exponential moving averages [2] - The stock is also below key simple moving averages, with the eight-day at $261.47, 20-day at $276.70, 50-day at $262.53, and 200-day at $270.11, indicating continued downside pressure [2] - The Moving Average Convergence Divergence (MACD) indicator at negative 3.78 reinforces the bearish sentiment, while the Relative Strength Index (RSI) at 38.55 suggests slight buying pressure, indicating the stock may be approaching oversold conditions [3] Group 2: Analyst Ratings and Price Targets - The consensus analyst rating for MongoDB stock is currently a Buy, with a price target of $364.68, indicating a potential upside of 29% [5] - Recent ratings from analysts at Rosenblatt, Loop Capital, and Scotiabank imply a 28.59% upside with a target price of $325 [5]