MongoDB’s stock shot past Wall Street’s Q3 estimates, gaining over 25% since its earnings report
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Database software maker MongoDB’s stock shot past Wall Street’s Q3 estimates, gaining over 25% since yesterday’s announcement of its earnings and revenue. The company’s shares initially jumped 15% following the December 1 announcement before stretching it to nearly 27% in 24 hours, and by roughly 40% YTD. MongoDB’s earnings and revenue report confirmed that the company posted $1.32 in adjusted earnings per share on $628 million in revenue. That surpassed the predicted $0.80 adjusted earnings per share on approximately $592 million in revenue, as expected by analysts polled by LSEG. Meanwhile, Bernstein analysts raised MongoDB’s share price target to $452 as they expect the stock to continue benefiting from the company’s growth. They expect strong consumption demand, benefits from interest cuts, and the potential upside from AI to continue surging in the near term. MDB is currently trading at $406.21 as of publication, representing an increase of approximately $78.23 in the past 24 hours. Desai says MongoDB is approaching a once-in-a-lifetime opportunity The CEO of MongoDB, Chirantan “CJ” Desai, stated during his company’s first earnings call that it is approaching a once-in-a-lifetime opportunity. He noted that AI, cloud services, and data trends are about to reach what he calls “a true inflection point.” Desai also unveiled plans to focus on building innovation and customer relationships in the months ahead. MongoDB also cited the above tailwinds, as well as those from ongoing AI demand, to boost its guidance for 2025 on Atlas growth. The Atlas platform grew 30% YoY, accounting for nearly 75% of total Q3 revenue. The database software maker now projects revenues of between $2.434 billion and $2.439 billion, an increase from the previous guidance of $2.34 billion and $2.36 billion. “Q3 was an exceptional quarter that was driven by our continued go-to-market execution and the broad-based demand we…
Filed under: News - @ December 2, 2025 9:20 pm