From Yahoo Finance: 2025-06-09 12:16:00

Macquarie raised MongoDB, Inc.’s price target to $230 from $215 on June 6, maintaining a Neutral rating. The company exceeded expectations with adjusted earnings of $1.00 per share and $549 million in revenue. MongoDB added 2,600 new customers and reported 26% year-over-year growth in MongoDB Atlas revenue.

The company raised full-year revenue guidance to $2.25-$2.29 billion and operating margin to 12%. MongoDB guided second-quarter revenue to $548-$553 million, a sharp turnaround from the prior quarter’s conservative outlook. MongoDB offers a flexible database platform with cloud-based services and consulting/training options.

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Read more at Yahoo Finance: Macquarie Raises MongoDB (MDB) PT, Maintains Neutral Rating