Oracle Could See Slower Growth, Analyst Warns [MarketWatch]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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Source: MarketWatch
But there are skeptics unconvinced the company's turnaround can be sustained. In particular, Goldman Sachs analyst Kash Rangan resumed coverage of Oracle (ticker: ORCL) shares on Monday with a Sell rating. He had suspended coverage while his firm's investment bankers advised Cerner on its recently completed $28 billion acquisition by Oracle He has a $75 target price on Oracle stock, a little above the current level of around $70. In his research note, Rangan rattles off multiple concerns. For starters, he contends the company is losing market share in its core database business to MongoDB (MDB), Microsoft (MSFT), Google (GOOGL), and Amazon (AMZN). He also worries that growth in Oracle's applications business—in particular NetSuite and Fusion—could slow as recession concerns impact enterprise IT budgets. Rangan notes as well that the company's aggressive capital spending plans to expand its cloud infrastructure constrains free cash flow generation. And he points out that Or
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MDB
Earnings
- 3/7/24 - Beat
MDB
Sec Filings
- 4/11/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 144
- MDB's page on the SEC website