These Analysts Boost Their Forecasts On MongoDB After Better-Than-Expected Q3 Results - MongoDB (NASDAQ:MDB)

Core Insights - MongoDB Inc. reported third-quarter financial results that exceeded expectations, with revenue of $628.31 million and adjusted earnings of $1.32 per share, surpassing analyst estimates of $591.52 million and $0.80 per share respectively [1][2] Financial Performance - The company experienced a year-over-year growth of 30% in its Atlas platform, contributing to strong overall performance and margin outperformance [2] - For the fourth quarter, MongoDB expects revenue between $665 million and $670 million, exceeding estimates of $625.12 million, and adjusted earnings guidance is set between $1.44 and $1.88 per share, compared to estimates of $0.93 per share [3] Future Guidance - MongoDB raised its fiscal 2026 revenue guidance to a range of $2.43 billion to $2.44 billion, up from the previous range of $2.34 billion to $2.36 billion, while analysts had anticipated $2.36 billion [4] - The adjusted earnings guidance for fiscal 2026 was also increased from $3.64 to $3.73 per share to a new range of $4.76 to $4.80 per share, compared to estimates of $3.71 per share [4] Stock Performance - Following the earnings announcement, MongoDB shares rose by 23.6%, trading at $406.50 [4] Analyst Ratings and Price Targets - Multiple analysts adjusted their price targets for MongoDB, with notable increases from Piper Sandler ($400 to $490), Needham ($365 to $480), and others, reflecting a generally positive outlook on the stock [5][7]