From Nasdaq: 2025-03-24 08:15:00

MongoDB (NASDAQ: MDB) saw a significant drop in shares after disappointing earnings, down almost 27% on March 5. Wall Street analysts slashed price targets by an average of 23%, but still see a potential upside of over 55% based on an updated target of $294.

Despite beating earnings estimates, MongoDB’s fiscal 2025 guidance fell short, causing concern for its future growth. The company pulled forward revenue in Q4, leading to a beat in earnings, but still missed expectations for earnings growth.

The potential growth in AI adoption that could drive MongoDB’s revenue has been muted for fiscal 2026. The company forecasts a growth rate of just 12%, a significant drop from previous years due to fewer customers to renew deals with and gradual AI progress.

While MongoDB remains optimistic about its long-term AI opportunity, near-term sentiment is negative. The company’s focus on preparing for AI adoption in fiscal 2026 may delay the impact on revenue growth. Investors may want to wait for more positive news before considering a trade.



Read more at Nasdaq:: After Massive Post Earnings Fall, Does Hope Remain for MongoDB?