MongoDB (MDB) Climbs to Fresh High on Stellar Earnings, Bullish Ratings

Core Viewpoint - MongoDB, Inc. (NASDAQ:MDB) has demonstrated strong earnings performance and an optimistic outlook, leading to a significant increase in its stock price and positive ratings from multiple investment firms [1][4]. Financial Performance - MongoDB's stock price reached a high of $419.50 during intra-day trading, closing at $401.99, reflecting a 22.23% increase [2]. - The company reported a narrowed net loss of $2 million for Q3 FY2026, a 79% improvement from a loss of $9.776 million in the same period last year [2]. - Total revenues increased by 18.7% year-on-year to $628.3 million, surpassing the company's guidance of $587 million to $592 million [3]. Revenue and Earnings Outlook - MongoDB raised its full fiscal year 2026 revenue outlook to between $2.434 billion and $2.439 billion, up from the previous range of $2.34 billion to $2.36 billion [4]. - The operating income target was also increased to $436.4 million to $440.4 million, compared to the earlier guidance of $321 million to $331 million [4]. - Projected earnings per share (EPS) were upgraded to a range of $4.76 to $4.80, up from $3.64 to $3.73 [5]. Fourth Quarter Projections - For Q4 FY2026, revenues are expected to be between $665 million and $670 million, with an operating income target of $139 million to $143 million and an EPS estimate of $1.44 to $1.48 [5]. Analyst Ratings - Piper Sandler assigned an "overweight" rating with a price target of $490, while Citizens set a "market outperform" rating with a target of $475 [6]. - Bernstein provided an "outperform" rating and raised its price target to $452 from $338 [6].