Top Wall Street Forecasters Revamp MongoDB Expectations Ahead Of Q1 Earnings

Financial Performance - MongoDB is set to release its first-quarter financial results on June 4, with analysts expecting earnings of 66 cents per share, an increase from 51 cents per share in the same period last year [1] - The projected quarterly revenue is $527.48 million, compared to$450.56 million a year earlier [1] Recent Earnings Report - On March 5, MongoDB reported quarterly earnings of $1.28 per share, surpassing the analyst consensus estimate of 66 cents [2] - Following the earnings report, MongoDB shares increased by 0.4$193.75 [2] Analyst Ratings and Price Targets - Loop Capital downgraded MongoDB from Buy to Hold, reducing the price target from $350 to$190 [4] - Barclays maintained an Overweight rating but lowered the price target from $280 to$252 [4] - Scotiabank kept a Sector Perform rating and cut the price target from $240 to$160 [4] - Piper Sandler maintained an Overweight rating, reducing the price target from $280 to$200 [4] - Stifel maintained a Buy rating, lowering the price target from $340 to$275 [4]