MongoDB’s Concerns About Outlook Despite Strong Q4 Results: Analysts Revise Forecasts



MongoDB Inc (NASDAQ: MDB) shares were down on Friday after the company reported its fourth-quarter results and issued weak guidance.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

DA Davidson On MongoDB

Analyst Rudy Kessinger upgraded the rating from Neutral to Buy, while raising the price target from $405 to $430.

Although MongoDB reported strong fourth-quarter results, its shares slid on disappointing fiscal 2025 guidance, which projected growth of 13%-15% and operating margins of around 10%, missing the consensus estimate of 22% and 14%, respectively, Kessinger said in the upgrade note.

“Rev will face a $80M headwind in FY25 from multi-year term licenses ($40M) & unused Atlas commitments ($40M) that will not repeat,” the analyst stated. “This is very high GM Rev that is not repeating, and when combined with accelerated hiring, OMs will take a step back from 16% in FY24,” he added.

Truist Securities On MongoDB

Analyst Miller Jump maintained a Buy rating while reducing the price target from $500 to $475.

MongoDB reported its fourth-quarter results ahead of expectations, “driven by broad strength in their DBaaS and self-managed businesses,” Jump said. He added, however, that the company’s guidance for the year ahead “implies a significant deceleration at the topline and retrenchment of their margin gains.”

“Commentary from management revealed multiple puts and takes in the calculation, and we believe that their outlook may ultimately prove conservative,” the analyst further wrote.

KeyBanc Capital Markets On MongoDB

Analyst …

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