MongoDB Inc (NASDAQ: MDB) shares experienced a decline on Friday following the company’s fourth-quarter report release with lower-than-expected guidance. The analysts have revised their forecasts, offering various perspectives on MongoDB’s performance and outlook.
DA Davidson analyst Rudy Kessinger upgraded MongoDB’s rating from Neutral to Buy and raised the price target to $430. Although the company reported strong fourth-quarter results, the shares dipped due to disappointing fiscal 2025 guidance, projecting growth and operating margins below consensus estimates.
Truist Securities analyst Miller Jump maintained a Buy rating with a reduced price target of $475. Jump noted that MongoDB’s results exceeded expectations but expressed concerns about a significant deceleration in the upcoming year, potentially impacting margin gains.
KeyBanc Capital Markets analyst Eric Heath reiterated an Overweight rating, adjusting the price target to $490. Heath highlighted solid fourth-quarter revenues and increased confidence from management, attributing it to stable market conditions and consumption patterns.
Analyst Kash Rangan reaffirmed a Buy rating with a lowered price target of $440, emphasizing MongoDB’s outperformance in subscription revenue, operating margin, and free cash flows. Rangan acknowledged the stock’s decline due to revised expectations for top and bottom-line growth.
Mizuho Securities analyst Siti Panigrahi maintained a Neutral rating and reduced the price target to $380. Panigrahi praised MongoDB’s strong quarter but expressed concerns about the company’s fiscal 2025 guidance falling below consensus due to tough comparables.
On the other hand, Needham analyst Mike Cikos reiterated a Buy rating and reduced the price target to $465, describing MongoDB’s revenue growth guidance as disappointing. Cikos viewed the company’s outlook as conservative, emphasizing its historical trend of providing cautious full-year guidance.
JMP Securities analyst Patrick Walravens maintained a Market Outperform rating with a price target of $440, highlighting MongoDB’s impressive quarterly results but expressing caution regarding the significantly below-expectation guidance for the future.
In conclusion, MongoDB’s performance in the fourth quarter was commendable, but the concerns about future growth and margin gains have led to mixed reactions from analysts. Despite the challenges ahead, analysts maintain varying perspectives on MongoDB’s potential to navigate the evolving market landscape. As of the latest update, MongoDB shares were down by 6.31% to $386.
