.August 29, 2024 03:54 PM

MongoDB is set to release its Q2/24 earnings on August 29, with analysts from Morgan Stanley and Guggenheim offering cautious yet optimistic insights. Despite challenges in the market, both firms believe in the company’s long-term prospects, though they differ slightly in their short-term outlooks. Morgan Stanley advises investors to moderate expectations for a significant rebound this quarter, while Guggenheim points to improved consumption trends in Q2 driven by new Atlas features. Both agree that Q2 might mark the low point in revenue growth, with potential for improvement in the second half of the year.