MongoDB Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Report - MongoDB, Inc. is set to release its third-quarter earnings results on December 1, with analysts expecting earnings of 79 cents per share, a decrease from $1.16 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $593.44 million, compared to $529.38 million in the previous year [1] Leadership Change - On November 3, MongoDB announced the appointment of Chirantan "CJ" Desai as president and CEO, effective November 10 [2] - The company anticipates exceeding the high end of its previously provided guidance for revenue, income from operations, and earnings per share for the third quarter of fiscal year 2026 [2] Stock Performance - Following the announcement of the new CEO, MongoDB's shares fell by 1.7%, closing at $326.27 [2] Analyst Ratings - Rosenblatt analyst Blair Abernethy maintained a Buy rating with a price target of $385 [5] - Citigroup analyst Tyler Radke raised the price target from $425 to $440 while maintaining a Buy rating [5] - DA Davidson analyst Rudy Kessinger increased the price target from $365 to $415, also maintaining a Buy rating [5] - Truist Securities analyst Miller Jump raised the price target from $375 to $400 while keeping a Buy rating [5] - BMO Capital analyst Keith Bachman maintained an Outperform rating and raised the price target from $365 to $415 [5]